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Fitch Affirms New Braunfels, TX's COs and LTGOs at 'AA'; Outlook Stable

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AUSTIN--(BUSINESS WIRE)--Fitch Ratings affirms its 'AA' rating on the following New Braunfels, Texas' outstanding limited tax debt: --$72.8 million combination tax and limited pledge revenue certificates of obligation (COs), series 2006A, 2006B, 2007, 2008, 2009, 2012, and 2013; --$16.7 million limited tax general obligation (LTGO) refunding bonds, series 2006 and 2013A. The Rating Outlook is Stable. SECURITY The GO bonds and COs are payable from an annual ad valorem tax levy, limited to $2.50

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