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Fitch Rates Beachwood, OH's LTGO Bonds 'AAA'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AAA' rating to the following City of Beachwood, Ohio (the city) limited tax general obligation (LTGO) debt: --$5.3 million LTGO bonds, series 2015. In addition, Fitch affirms the following ratings: --Approximately $240,000 LTGO bonds series 2000 at 'AAA'; --Implied unlimited tax general obligation (ULTGO) rating at 'AAA'. The Rating Outlook is Stable. SECURITY The bonds are supported by the city's full faith and credit and ad valorem tax

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