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Fitch rates Laredo, Texas, bonds A+
Fitch Ratings said it assigns its A+ rating to Laredo, Texas' $30.7 million combination tax and revenue certificates of obligation, series 2008A, and $47.3 million combination tax and waterworks and sewer system revenue certificates of obligation, series 2008B, scheduled to sell during the May 19 week via negotiation.
Fitch also said it affirmed the A+ rating on the city's outstanding debt comprising $69.2 million general obligation bonds, $137.6 million certificates of obligation and $2.9 million public property finance contractual obligations.
The outlook remains positive.
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