AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings has affirmed the following Laredo, Texas' (the city) waterworks and sewer system (the system) revenue bonds outstanding as follows: --Approximately $188.7 million waterworks and sewer system revenue bonds. The Rating Outlook is Stable. SECURITY The bonds are secured by an irrevocable first lien on and pledge of the net revenues of the system, including any additional revenues, income, receipts, and other resources. KEY RATING DRIVERS LOW COVERAGE BU
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