Fitch Rates Virginia Beach Devel Auth (VA) Rev Bonds 'AA'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA' rating to the following City of Virginia Beach Development Authority, VA (VBDA or the authority) revenue bonds: --$46,465,000 public facility revenue bonds, series 2015A; --$34,270,000 public facility refunding revenue bonds, series 2015B. The proceeds of the series 2015A bonds will be used to finance various city and school capital improvements. The series 2015B bonds are refunding a portion of the authority's outstanding series 200

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