Fitch rates Arizona water bonds AAA

Fitch Ratings said it assigned an AAA rating to the Water Infrastructure Finance Authority of Arizona's approximately $249 million of water quality revenue bonds, series 2008A.

In addition, Fitch said it affirmed the AAA rating on the authority's approximately $531 million of outstanding parity bonds.

The outlook is stable.

Sale of the 2008A bonds is expected by negotiation on April 21.

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