Fitch Withdraws Sebastian, FL's Implied GO Rating

OREANDA-NEWS. Fitch Ratings has withdrawn its 'AA' implied unlimited tax general obligation (ULTGO) bond rating for the city of Sebastian, FL. Pursuant to criteria, Fitch assigned the implied rating in conjunction with its rating on the city's series 2003 and 2003A sales surtax revenue bonds and series 2003 stormwater utility revenue bonds, which have now been repaid in full. Therefore, the implied ULTGO rating is no longer considered by Fitch to be relevant to the agency's coverage.