Fitch Affirms McAllen, TX's International Toll Bridge System Revs at 'A'; Outlook Stable

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NEW YORK & BOGOTA--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'A' rating for the City of McAllen, Texas' approximately $33.2 million international toll bridge system revenue bonds series 2007A and 2007B. The Rating Outlook remains Stable. The 'A' rating reflects the bridge system's moderate leverage of 3.2x net debt/cash flow available for debt service (CFADS) and strong debt service coverage ratios (DSCR) despite a history of volatile traffic performance. The rating further reflects the s

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