Fitch gives AA+ to SoCal water bonds

Fitch Ratings said it assigned the rating of AA+ to the Metropolitan Water District of Southern California's $77.4 million 2008 series C water revenue refunding bonds.

The current issue is expected to price the week of July 7 via negotiation.

Fitch also affirmed the AA+ underlying rating on Metropolitan's $4.1 billion of outstanding water revenue bonds and its AAA rating on the district's $327.2 million of outstanding general obligation bonds.

The outlook is stable.

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