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News

Fitch Rates Bastrop, TX's COs 'AA-'; Outlook Stable

AUSTIN, Texas -- October 18, 2013

Fitch Ratings has assigned an 'AA-'rating to the City of Bastrop (the city), Texas' $11 million certificates of obligation (COs).

The bonds are scheduled for a competitive sale on Oct. 29, 2013. Proceeds will finance various street, drainage, water and waste water improvements.

In addition, Fitch affirms approximately $30.5 million outstanding general obligation (GO) bonds and COs at 'AA-'.

The Rating Outlook is Stable. Read the complete article.