...The 'AAA' IDR and GO bond ratings reflect the city's unlimited legal ability to raise revenues and solid expenditure flexibility, which together support a superior level of inherent budget flexibility. Healthy fiscal reserve levels support a high level of financial resilience and gap closing capacity. The city's long-term liabilities are at the low end of the moderate range, as assessed by Fitch. Economic Resource Base: Located in the western part of the Hampton Roads region of southeastern Virginia, Suffolk is the largest city in the region by square mileage and one of the fastest growing in the state by population. Suffolk had an estimated 2022 population of 98,537, an increase of 16.5% since 2010....
