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Fitch Affirms Riverton, UT's Revenue Bonds at 'AA'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the following ratings for Riverton, Utah (the city): --$34.938 million franchise and sales tax revenue bonds, series 2004A, 2007, and 2013, at 'AA'; --Implied unlimited tax general obligation (ULTGO) bond rating at 'AA'. The Rating Outlook is Stable. SECURITY The bonds are payable from an irrevocable first lien on the city's franchise tax and 1% local sales and use tax. The franchise tax revenues include energy sales and use levied at the ma

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