Fitch assigns AAA/F-1+ to Houston utility bonds

Fitch Ratings said it assigned an AAA/F-1+ rating to Houston's $23.66 million series 2008D-2 and $49.595 million series D-3 utility system first-lien revenue refunding bonds.

The bonds are expected to be delivered on June 25. They mature May 15, 2034.

The short-term rating is based on a standby bond purchase agreement provided by Dexia Credit Local.

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