Fitch Affirms Vero Beach, Florida's Electric Revs at 'AA-'; Outlook Stable

2 September 2010, 12:59 pm

NEW YORK--(BUSINESS WIRE)--Fitch Ratings takes the following rating actions on the City of Vero Beach, Florida's electric revenue bonds: --$50.2 million electric refunding revenue bonds, series 2003A, affirmed at 'AA-'. The Rating Outlook is Stable. RATING RATIONALE:--The electric system's overall healthy financial metrics include consistently strong coverage of debt service in line with rating ...... Read More »

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