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Fitch Affirms St. George, UT's Sales Tax Revenue Bonds at 'AA'; Outlook Stable

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SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings affirms the following St. George, Utah (the city) sales tax revenue bonds at 'AA': --$11.3 million sales tax revenue refunding bonds, series 2009. The Rating Outlook is Stable. SECURITY The bonds are backed by a first lien pledge of local sales and use tax revenues. KEY RATING DRIVERS ROBUST COVERAGE: Debt service coverage has strengthened with the city's economic recovery and performs well under Fitch-designed stress scenarios. A portion of the ple

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