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Fitch Rates El Paso, TX's LTGOs and COs 'AA'; Outlook Stable

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AUSTIN--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA' rating to the following obligations of El Paso, Texas (the city): --$118.6 million general obligation (GO) refunding and improvement bonds, series 2015; --$54.2 million combination tax and revenue certificates of obligation (COs), series 2015. Both series are scheduled to sell via negotiation as early as July 14. The GO bond proceeds will be used to fund the construction of city facilities and parks and to refund a portion of the city'

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