NEW YORK - Fitch Ratings said it has assigned a AA-minus rating to the city of Gainesville, Fla.'s approximately $43.185 million utilities system revenue bonds, 2012 series A issued for the Gainesville Regional Utilities (GRU), and downgraded the ratings on GRU's $932.12 million utilities system revenue bonds to AA-minus from AA.

Fitch has also affirmed the F1-plus rating on GRU's $62 million of outstanding commercial paper notes.

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