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From the Update
NO RATING - Fitch Investors did not give Wise County a credit rating, which is tied to the bond sales for the Weatherford College Wise County construction project. County Judge Bill McElhaney told the Messenger Tuesday afternoon that although Fitch did not rate the county, they will still prepare to sell bonds by the end of March. He said the county will sell the bonds; they just won’t have a rating, which could result in a slightly higher interest rate. Read more in Thursday’s edition of the Wise County Messenger on news stands today.
I'm a financial idiot, but I would have thought that all bonds would have to have some rating. I mean, a rating basically tells me the odds of getting paid back on my investment. And if I don't know the odds of getting paid, I'm not investing in it.
13 comments:
Somebody please tell me how we can afford this?
No rating just means the bonds will be sold at a higher rate or cost to us. It's another financial gimmick; I hope our Weatherford leaders do not go for it. If Fitch cannot rate us, let someone else float the bonds. They're just trying to get more money out of us. We already have a tax to support payment of the bonds. How risky is that?
We cant
Tell me again why a Weatherford campus on the corner of 1655 and 380 is a good idea?
Cause this sure doesn't help.
This us deFinitely a sign of pending doom
One would think a good reporter would ask why
Might beca story there
What you mean to tell me Kevin Burns failed us! Now if we can get him to do something with Super Cop Tom Bishop then the county will be a safer place to live
Kinda like the bonds for the bport hospital?
i think you would be crazy to invest in government of anykind right now, its like investing in a hole. they already confiscate enough.
If you start asking around, you'll find out that the Wise County Weatherford College campus will be VERY heavily attended when it opens. It already boggles my mind when I see how many kids are getting their basic required college classes out of the way here locally and at the Weatherford campus. Folks, let me tell you from experience, it makes a lot of sense to get about 60 hours out of the way locally, THEN send "little Johnny/Janie" to the "big" university! Your pocketbook will be lovin' you!
It would have been better if the new college was more centrally located. It is only convenient to those that live in Bridgeport and Decatur, for others it is way out of the way to get there.
That location is as near the center of the county as you can get. What do you want 11:09, a campus in every town. People should stop whining because everthing does not go their way. Live with it.
looks like the county put the cart in front of the horse!! thank you repubs.
How could this be legal, charging a property tax to buy land to lease to a college or anyone else for that matter? This whole "good ole boy" college project should be scrapped and the money already extorted from property owners returned to them. If a college wants to be located in wise County it should pay for such out of donations and tuition. Socialism is taking from one group to provide a service to some other group. This whole project stinks from the start. Tarrant County College (much better than weatherford college) is less expensive to attend and you can do so online.
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