SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings affirms the following Anchorage, Alaska ratings: --$117.8 million water revenue bonds series 2004, 2007 and 2009 at 'AA'. The Rating Outlook is Stable. SECURITY The bonds are secured by a first lien on net water revenues before the utility's Municipal Utility Service Assessment (a payment in lieu of taxes, or PILOT). KEY RATING DRIVERS SOLID SERVICE AREA: The utility is the monopoly provider of essential water services to 95% of the Municipality of
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