Fitch gives AA to Arlington, Texas, bonds

Fitch Ratings said it assigned an AA rating to Arlington, Texas' bonds, including the $39.88 series 2008 million permanent improvement and refunding bonds; $5.92 million series 2008A combination tax and revenue certificates of obligation; and $38.94 million series 2008B combination tax and tax increment reinvestment zone revenue certificates of obligation.

Additionally, Fitch affirmed the AA rating on the city's $223.1 million of permanent improvement bonds and $29.1 million of certificates of obligation outstanding.

The bonds and series 2008A certificates are scheduled to be sold competitively on June 3; the series 2008B certificates are scheduled for a negotiated sale around June 3.

The outlook is stable.

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