Fitch rates Mass. Water Resources bonds AA-/F1+

Fitch Ratings said it assigned a rating of AA-/F1+ to the $1.16 billion Massachusetts Water Resources Authority multi-modal subordinated general revenue refunding bonds.

The bonds consist $337.96 million 2008 series A; $124.58 million 2008 series B; $199.375 million 2008 series C; $83.6 million 2008 series D; $224.74 million 2008 series E; and $191.69 million 2008 series F.

In addition, Fitch affirmed the AA rating on the authority's $3.1 billion of outstanding general revenue bonds and the AA- rating on its $233.1 million of subordinated general revenue bonds (net of refunding). All bonds have a stable outlook.

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