Fitch Rates Tampa Bay Water, FL's Utility System Revs 'AA+'; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns an ‘AA+’ rating to the following Tampa Bay Water, A Regional Water Supply Authority, FL (TBW) revenue bonds: –$100.6 million utility system refunding revenue bonds, series 2016A; –$32.8 million taxable utility system refunding revenue bonds, series 2016B. The bonds are expected to sell via negotiation on Jan. 12. Proceeds of the 2016A bonds will be used to advance refund the outstanding series 2008 bonds for annual savings (matching maturities)
Source: BusinessWire-Primary

Fitch Rates Tampa Bay Water, FL's Utility System Revs 'AA+'; Outlook Stable