NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA' rating on the following bonds of Rio Rancho, New Mexico (the city): --$17.8 million general obligation (GO) bonds. The Rating Outlook is Stable. SECURITY The bonds are general obligations of the city, payable solely from ad valorem property taxes that are required to be levied without limitation as to rate or amount. KEY RATING DRIVERS STABLE LOCAL ECONOMY: The city is part of the broad economic base of the Albuquerque metropolitan
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