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Fitch gives AA to Lubbock, Texas, debt
Fitch Ratings said it assigned an AA rating to Lubbock, Texas' $2.1 million of general obligation bonds and $90.3 million of tax and waterworks system surplus revenue certificates of obligation, series 2008.
The obligations may be sold as early as April 24 by negotiation.
Fitch also said it affirmed the AA rating on the city's outstanding debt, consisting of $185.8 million of G.O. bonds and $391.2 million of certificates of obligation.
The outlook is stable.
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