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Internal Management Procedures Related to the Failed Remarketing of its Variable Rate Bonds 1.0 Background In 2016, the Hampton Roads Sanitation District (HRS) issued Subordinate Wastewater Revenue Bonds,
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Fitch affirms Hampton Roads refers to the credit rating agency Fitch Ratings providing an assessment or confirmation of the creditworthiness of the Hampton Roads region or its municipal bonds.
Municipal entities or issuers in the Hampton Roads area responsible for debt issuance or financial reporting are typically required to file with Fitch Ratings.
To fill out Fitch affirms Hampton Roads, entities must provide detailed financial information, including budgets, financial statements, and other relevant data as requested by Fitch.
The purpose is to assess and communicate the creditworthiness of the Hampton Roads municipal entities to investors and the public.
Entities must report financial statements, debt obligations, economic indicators, and any significant changes in financial condition.
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