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Fitch Downgrades North Las Vegas, NV's GO Bonds to 'B'; Outlook Negative

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SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has downgraded to 'B' from 'BB+' the following North Las Vegas, NV (the city) obligations: --$365,000 limited tax general obligation (LTGO) bond series 2002B; --$131 million LTGO bonds (additionally secured by consolidated tax pledged revenues); --$290.7 million LTGO water and wastewater improvement bonds (additionally secured by water and wastewater system pledged revenues). The Rating Outlook is Negative. SECURITY The bonds are secured by the full Reported by Business Wire 1 day ago.

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