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Fitch Rates Houston, TX TRANs 'F1+' Affirms GOs at 'AA'; Outlook Stable

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AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings has assigned an 'F1+' rating to the City of Houston, Texas' (the city) $220 million tax and revenue anticipation notes (TRANs), series 2015. The notes are scheduled for a competitive sale on June 17. Proceeds will finance general operating expenditures during fiscal 2016 in anticipation of tax and revenue collection. In addition, Fitch affirms the following ratings: --$1.36 billion public improvement bonds (PIBs) at 'AA'; --$9.7 million certificates

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