AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings upgrades to 'AA' from 'AA-' its underlying rating on the following Gilbert Water Resource Municipal Property Corporation, Arizona (the corporation) bonds issued on behalf of the town of Gilbert, Arizona (the town): --$104 million in outstanding water system development fee and subordinate lien water utility revenue bonds, series 2007. The Rating Outlook is revised to Stable from Positive. SECURITY The bonds are secured by a first lien on system deve
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