NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA+' rating to the City of Coral Springs, Florida's (the city) $16.9 million capital revenue refunding bonds, series 2008. The bonds are scheduled for competitive sale on July 29. Bond proceeds, together with other available funds of the city, will refund outstanding maturities of capital revenue bonds, 2001 series A and 2002 series B, issued by the Florida Intergovernmental Finance Commission on behalf of the city. In addition, Fitch affirms the 'AAA' rating on the city's approximately $25 million in outstanding GO bonds The Rating Outlook is Stable. The 'AA+' rating on the capital revenue refunding bonds reflects the city's strong financial performance and maintenance of sound financial flexibility enhanced by prudent management policies, as well as the healthy coverage...
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