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Fitch Affirms Marco Island, FL Utility Revs at 'AA-'; Outlook Stable

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AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings affirms the 'AA-' rating on the following Marco Island, FL (the city) bonds: --$109.5 million utility system improvement and refunding revenue bonds, series 2010A and 2013; --$6.8 million taxable utility system refunding revenue bonds, series 2010B. The Rating Outlook is Stable. SECURITY The bonds are secured by a senior lien pledge of the net revenues and capital facilities fees of the water and sewer system (the system). The series 2010A&B bon

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