Fitch gives AA to Albuquerque Bernalillo County Water bonds

Fitch Ratings said it assigned an AA rating to the Albuquerque Bernalillo County Water Utility Authority's $55.5 million of joint water and sewer system improvement revenue bonds, series 2008A.

Sale of the bonds is expected by negotiation the week of March 17.

In addition, Fitch said it affirmed the AA rating on the authority's outstanding $460.3 million of joint water and sewer revenue bonds and the authority's New Mexico Finance Authority public power revolving fund loan (2004).

The outlook is positive.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.