AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘AA’ rating to the bank notes corresponding to the city of Garland, Texas (the city) water and sewer commercial paper notes as follows:
–Approximately $90 million series 2015.
In addition, Fitch affirms the ‘AA’ rating on the following outstanding bonds:
— $108.8 million water and sewer system revenue bonds series 2007, 2008, 2009, 2010, 2011, 2011A, and 2012 at ‘AA’;
–$28.9 million water and sewer system revenue refunding and improvement bonds, series 2013 at ‘AA’; and
–$35.9 million water and sewer system revenue refunding and improvement bonds, new series 2014 at ‘AA’.
The Rating Outlook is Stable.