(PR-inside.com) Fitch Ratings upgrades the following Fort Collins, CO's (the city) outstanding wastewater utility enterprise sewer revenue bonds. --$35.4 million to 'AA+' from 'AA'. The Rating Outlook is Stable. RATING RATIONALE. --The upgrade of the sewer revenue bond rating reflects continued strong coverage above projected estimates and maintenance of exceptional liquidity, both largely due to double-digit rate hikes. --Leverage ratios are favorable and will decline due to rapid principal amortization and no new debt planned for the next five years. --The focus of the five-year capital improvement plan (CIP) is primarily on renewal and replacement of infrastructure; however, certain environmental nutrient removal standards are expected to become ..
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