Fitch rates Tempe, Ariz., G.O. bonds AAA

Fitch Ratings said it assigned a AAA rating to the $66.365 million general obligation bonds, series 2008A, of Tempe, Ariz. In addition, Fitch affirmed the AAA rating on the city's $359.8 million in G.O. bonds outstanding.

The bonds are scheduled to sell competitively on June 5.

The outlook is stable.

Proceeds of the bonds will be used to finance water and wastewater system, streets, public safety, and parks and community services improvements, and to pay issuance costs.

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