Fitch Rates El Paso, TX $41.8MM Wtr & Swr Revs ‘AA+’; Outlook Negative

Fitch Rates El Paso, TX $41.8MM Wtr & Swr Revs ‘AA+’; Outlook Negative
AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘AA+’ rating to the following City of El Paso, Texas water and sewer revenue bonds: –$41.8 million water and sewer revenue refunding bonds, series 2010A. The bonds are expected to price via negotiation the week of Oct. 4, 2010. Proceeds will be used to refund certain outstanding obligations, and pay costs of issuance. In addition …

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