Fitch Ratings has affirmed its AA rating for the Albuquerque-Bernalillo County Water Utility Authority’s $55.5 million joint water and sewer system improvement revenue bonds, expected to price this week.

Bond proceeds will be used for system capital improvements, including funding a portion of the authority’s San Juan-Chama drinking water project, and paying costs of issuance. The bonds are expected to be sold via negotiation with RBC Capital Markets.

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