Fitch Ratings, America’s leading credit analysis company, has issued Tanana Chiefs Conference (TCC) an A+ Issuer Default Rating (IDR) for the fiscal year 2024.
Although TCC has received an A+ IDR for the past several years, this year’s Rating Outlook has been upgraded from “Stable” to “Positive,” a reflection of TCC’s strong financial profile. The bond-financed expansion of Chief Andrew Isaac Health Center (CAIHC) and construction of the new ambulatory surgery center are additional causes for the upgraded Rating Outlook.
Chief Brian Ridley commented on the achievement, saying, “We are thrilled with the A+ rating and the upgrade to a positive outlook by Fitch Ratings. This reflects our ongoing commitment to making sound investment decisions that ensure we have the capacity to provide essential services to our Tribes and Tribal Members. It’s a testament to our strong governance and financial stewardship.”
This recognition by Fitch Ratings not only serves as a validation of TCC’s current financial strategies but also plays a crucial role in enhancing the confidence of investors and stakeholders in the stability and growth potential of the organization.