Fitch assigns AA to Kansas City, Mo., bonds

Fitch Ratings said it assigned an AA rating to Kansas City, Mo.'s approximately $213.8 million special obligation refunding bonds (Downtown Arena Project), series 2008C and taxable series 2008D.

The 2008 bonds are expected to sell on a negotiated basis the week of July 7.

In addition, Fitch affirmed the city's AAA rating on $308.1 million in outstanding general obligation bonds; AA rating on $359.5 million in Kansas City Industrial Development Authority bonds; AA rating on $30.45 million in special facilities revenue bonds; AA underlying rating on $12.5 million in Tax Increment Financing Commission bonds, series 2003A and 2003B; and AA rating on $399.9 million in Kansas City Municipal Assistance Corp. bonds.

The outlook on all debt is negative.

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