Fitch Affirms Midvale City, Utah Wtr and Swr Revs at ‘A’; Outlook Stable
SAN FRANCISCO–(BUSINESS WIRE)–Fitch Ratings affirms its ‘A’ rating on the following Midvale City, Utah bonds as part of its continuous surveillance effort: –$1,619,000 water and sewer revenue bonds, series 2007 (private placement); –$6,650,000 water and sewer revenue bonds, series 2007B. Although not rated by Fitch, Midvale City also has a $5 million loan (series 2007C) from the State of Utah that is secured by a parity lien on the pledged revenues. The loan proceeds have been used for water
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Fitch Affirms Midvale City, Utah Wtr and Swr Revs at ‘A’; Outlook Stable
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