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Fitch Rates Floresville's (TX) Electric System Revs 'AA-'; Outlook Negative

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AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA-' rating to the following Floresville Electric Light and Power System (FELPS) bonds: --Approximately $6.5 million revenue refunding bonds, series 2015. The 2015 refunding bonds are expected to price on Sept. 9, 2015 via negotiated sale. Bond proceeds will refund outstanding parity bonds with level savings and no extension of bond maturity dates. Fitch also affirms its 'AA-' rating on the following outstanding parity revenue bonds: --$

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