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Fitch Affirms Spotsylvania County, VA's Water Sewer Revs 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the 'AA-' rating on the following Spotsylvania County, VA (the county) revenue bonds: --Approximately $132.5 million water and sewer revenue bonds, series 2005, 2007, 2010A&B and 2013. The Rating Outlook is Stable. SECURITY The bonds are payable from a senior lien pledge of the net revenues of the water and sewer system (the system), including connection fees. KEY RATING DRIVERS EXCELLENT LIQUIDITY MITIGATES LOW COVERAGE: The very high cash b

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