Fitch rates West Palm Beach, Fla., bonds AA-

Fitch Ratings said it assigned an AA- rating to $54.2 million series 2008A and $14.6 million series 2008B utility system revenue refunding bonds for the City of West Palm Beach, Fla.

The bonds are scheduled for negotiated sale on June 22.

Fitch also affirmed the AA- rating on the city's approximately $87.5 million (net of this refunding) outstanding utility system revenue bonds. Additionally, Fitch has revised the city's outlook to negative from stable.

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