BRADENTON, Fla. - Fitch Ratings Wednesday assigned a negative outlook to all of Cape Coral, Fla.'s debt and cited the distressed housing market and property tax reforms.

Fitch affirmed its A-plus rating on the city's approximately $3 million of outstanding general obligation bonds as well as the A rating on the city's $200 million of water and sewer bonds and the A-minus rating on $167.4 million of wastewater assessment bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.