NEW YORK - Fitch Ratings said it upgrades the rating for the Aurora Metropolitan Exposition, Auditorium and Office Building Authority, Ill.s $1.8 million outstanding taxable revenue bonds to A+ from A-.
Fitch said it assigned an A+ rating to the authority's $5.61 million taxable revenue refunding bonds, series 2003, scheduled for negotiated sale on our about June 19, through Griffin, Kubik, Stephens and Thompson.
The upgrade reflects the improved credit characteristics of the city of Aurora, which acts as the ultimate source of security to this transaction, Fitch said.
