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Fitch Affirms Austin, TX's Special Facility Bonds at 'BBB+'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed its long-term 'BBB+' rating of Austin, TX's approximately $143.8 million rental car special facility revenue bonds, series 2013. Bond proceeds are being used to finance the construction of a consolidated car rental facility (ConRac) at Austin-Bergstrom International Airport. The Rating Outlook is Stable. RATIONALE: The rating reflects a growing visiting origin and destination (O&D) base at Austin-Bergstrom International Airport which is

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