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Agency affirms ‘AA-’ rating for City of Edinburg’s utility system

Special to the AdvanceEDINBURG — Fitch Ratings has reaffirmed the rating on the revenue bonds for the City of Edinburg, maintaining a solid 'AA-' rating for the city's utility system revenue refunding bonds series 2015, 2017, and 2021, totaling $22.2 million.Fitch Ratings also assessed the Stand-Alone Credit Profile (SCP) of Edinburg's water and wastewater system at 'aa—'. This SCP signifies the system's credit profile on a stand-alone basis, independent of its relationship with and the credit quality of the city.The 'AA-' utility revenue bond rating, coupled with the 'aa-' SCP, underscores the system's robust financial profile within the framework of ...

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