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Fitch Affirms Hopewell, VA's GOs at AA-; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the following ratings on Hopewell, Virginia (the city): --$31.8 million general obligation bonds (GOs) at 'AA-'; The Rating Outlook is Stable. SECURITY The bonds are backed by the city's full faith, credit, and unlimited ad valorem taxing ability. KEY RATING DRIVERS HEALTHY FINANCIAL RESERVES: Reserves considered available for operations by Fitch have historically been sound, providing a healthy financial cushion to accommodate unforeseen sp

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