AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings affirms the rating on the following Santa Fe, New Mexico's (the city) outstanding bonds: --$93.2 million in outstanding water utility system/capital outlay gross receipts tax (GRT) revenue bonds at 'AAA'. The Rating Outlook is Stable. SECURITY The bonds are secured by a pledge of net water utility system (the system) revenues and capital outlay GRT revenues. Pledged capital outlay GRT revenues consist of that portion of GRT distribution, which tax i