McALLEN - The City of McAllen recently went before Fitch Ratings for review on its $5.6 million general obligation (GO) refunding bond, series 2019 and received a rating of ‘AA+,’ rating the outlook as stable. Fitch also affirmed the City of McAllen’s $101 million in outstanding GOs and Long-Term Issuer Default Rating (IDR) at ‘AA+’. According to Fitch, “the ‘AA+’ GO and IDR reflect the city’s strong operating performance and prudent budget practices that have resulted in ample financial flexibility.” “The rating reflects the responsible fiscal management of McAllen tax payer dollars,” said City of McAllen Mayor Jim Darling. “Additionally, the ...