Fitch Rates Houston, Texas’ Combined Utility System First Lien Revs ‘AA-’; Outlook Stable

AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings assigns ratings to Houston, Texas (the city) Combined Utility System’s (the system) bonds as follows: –Approximately $280 million first lien revenue refunding bonds, series 2011A ‘AA-’. The bonds will be sold the week of Feb. 21, 2011 via negotiation. Proceeds will be used to refund all of the city’s outstanding first lien revenue refunding bonds, series 2004C-1, 2004C-2A and 2004C-2B to reduce the city’s exposure to variable-rate debt. Proceeds wil



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