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Fitch Affirms Athens-Clarke County Unified Govt, Georgia's Wtr Swr Revs at 'AA+'; Outlook Stable

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AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings affirms the 'AA+' rating on the following Athens-Clarke County Unified Government, Georgia (ACC) bonds: --$208.7 million water and sewerage revenue bonds series 2008. The Rating Outlook is Stable. SECURITY The bonds are payable from net revenues of the water and wastewater system. KEY RATING DRIVERS IMPROVING COVERAGE/ROBUST LIQUIDITY: Total debt service coverage (DSC) showed modest improvement in fiscal 2014, growing to 1.6x after declining to a lo

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