NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Pensacola, Florida's (the city) non-ad valorem revenue bonds as follows: --$43.97 million in outstanding redevelopment revenue bonds, series 2009A and 2009B at 'AA'. In addition, Fitch affirms the city's implied general obligation (GO) rating at 'AA+'. The Rating Outlook is Stable. SECURITY The bonds are backed primarily by the city's covenant to budget and appropriate (CB&A), by amendment if necessary, legally available non-ad valorem (