Fitch rates Austin, Texas, bonds AA+

Fitch Ratings said it assigned an AA+ rating to Austin, Texas' approximately $173.4 million of public improvement general obligation refunding bonds, series 2008.

The outlook is stable.

The bonds are scheduled to be sold in a negotiated sale the week of Jan. 28.

Fitch also said it affirmed the AA+ rating and stable outlook on the city's $611.4 million of outstanding G.O. bonds, $115.2 million of certificates of obligation and $54.1 million of contractual obligations.

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