Fitch Rates Corpus Christi, Texas $84MM Utility Revs 'AA-'; Outlook Revised to Negative.

Extract


Fitch Rates Corpus Christi, Texas $84MM Utility Revs 'AA-'; Outlook Revised to Negative.

AUSTIN, Texas -- Fitch Ratings assigns an 'AA-' rating to Corpus Christi, Texas' $84.1 million utility system revenue refunding and improvement bonds, series 2006. The bonds are expected to sell Oct. 12 via negotiations through a syndicate managed by Morgan Stanley & Co. The bonds are secured by a pledge of net revenues from t...

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