AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA-' rating on the following Port of Beaumont Navigation District, TX's (the district) general obligation (GO) bonds: --$5.4 million GO refunding bonds, series 2009. The Rating Outlook is Stable. SECURITY The bonds are payable from an unlimited ad valorem tax pledge levied against all taxable property within the district. KEY RATING DRIVERS STABLE BUT CONCENTRATED TAX BASE: The district's tax base is heavily concentrated in the pet
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