• Home
  • About Us
    • Governance
      • Current Contracts
    • Mission
    • Board
      • Board Members
      • Board Meeting Schedule
      • Board Meeting Minutes
      • Resolutions
    • Staff
    • Our Work
    • Financing Role
  • Publications
    • Staff Reports on the City of Philadelphia’s 5 Year Financial Plan
    • Staff Reports on the City of Philadelphia’s Quarterly City Manager’s Report
    • Monthly City Tax Revenue Updates
    • Annual Reports
  • Issue Papers
    • Study on Cost of DROP Program
    • Staff Reports on City of Philadelphia Overtime
    • Staff Report on City Pension System
    • Staff Report on City Department Performance
    • Past Issue Papers
  • News Room
    • PICA in the News
    • Press Releases
  • Resources
    • City of Philadelphia Five-Year Financial Plan
    • Comprehensive Annual Financial Reports
    • City of Philadelphia’s Quarterly City Managers Report
  • Calendar of Events
  • Contact Us
  • Home
  • About Us
    • Governance
      • Current Contracts
    • Mission
    • Board
      • Board Members
      • Board Meeting Schedule
      • Board Meeting Minutes
      • Resolutions
    • Staff
    • Our Work
    • Financing Role
  • Publications
    • Staff Reports on the City of Philadelphia’s 5 Year Financial Plan
    • Staff Reports on the City of Philadelphia’s Quarterly City Manager’s Report
    • Monthly City Tax Revenue Updates
    • Annual Reports
  • Issue Papers
    • Study on Cost of DROP Program
    • Staff Reports on City of Philadelphia Overtime
    • Staff Report on City Pension System
    • Staff Report on City Department Performance
    • Past Issue Papers
  • News Room
    • PICA in the News
    • Press Releases
  • Resources
    • City of Philadelphia Five-Year Financial Plan
    • Comprehensive Annual Financial Reports
    • City of Philadelphia’s Quarterly City Managers Report
  • Calendar of Events
  • Contact Us
  • Home
  • Uncategorized
  • Fitch Upgrades PICA Bonds to AAA

Fitch Upgrades PICA Bonds to AAA

Fitch Ratings has upgraded Pennsylvania Intergovernmental Cooperation Authority (PICA) special tax revenue refunding bonds to ‘AAA‘ from ‘AA+’:

The outstanding bonds are limited obligations of the authority payable from pledged revenues, consisting of a 1.5% tax on wages and other compensation earned by city residents, as well as the net profits earned in business, professions, and other activities conducted by residents.

The ‘AAA‘ rating reflects solid economic underpinnings supporting pledged revenues, robust coverage through economic cycles and a strong legal framework that explicitly separates pledged revenues from the city and the commonwealth.

For the full report, click here.

Like this:

Like Loading...
Uncategorized
PICA’s January Tax Revenue Report
PICA Issues Staff Report on City’s Second Quarter City Manager’s Report

Calendar of Events

April 2018
SSunday MMonday TTuesday WWednesday TThursday FFriday SSaturday
25March 25, 2018 26March 26, 2018 27March 27, 2018 28March 28, 2018 29March 29, 2018 30March 30, 2018 31March 31, 2018
1April 1, 2018 2April 2, 2018 3April 3, 2018 4April 4, 2018 5April 5, 2018 6April 6, 2018 7April 7, 2018
8April 8, 2018 9April 9, 2018 10April 10, 2018 11April 11, 2018 12April 12, 2018 13April 13, 2018 14April 14, 2018
15April 15, 2018 16April 16, 2018 17April 17, 2018 18April 18, 2018 19April 19, 2018 20April 20, 2018 21April 21, 2018
22April 22, 2018 23April 23, 2018 24April 24, 2018 25April 25, 2018 26April 26, 2018 27April 27, 2018 28April 28, 2018
29April 29, 2018 30April 30, 2018 1May 1, 2018 2May 2, 2018 3May 3, 2018 4May 4, 2018 5May 5, 2018
  • 12:15 pm, May 15, 2018 – PICA Board Meeting
  • 12:15 pm, June 19, 2018 – PICA Board Meeting
  • 12:15 pm, July 17, 2018 – PICA Board Annual Meeting

Pennsylvania Intergovernmental Cooperation Authority

1500 Walnut Street
Suite 1600
Philadelphia, PA 19102

(215) 561-9160

Follow us on Facebook and Twitter!

  • Facebook
  • Twitter

Pennsylvania Intergovernmental Cooperation Authority
Financial Oversight for the City of Philadelphia


Employee Access
%d bloggers like this: