TEXT-Fitch cuts Pontiac, Michigan's water & sewer rev bnds to B-


(The following statement was released by the ratings agency) Jan 26 - Fitch Ratings takes the following rating action on the bonds of the City of Pontiac MI (the city) as part of its continuous surveillance effort: --Approximately $2.3 million Pontiac water revenue bonds, series 1995 and series 2002, downgraded to 'B-' from 'B'; --Approximately $3.5 million Pontiac sewer revenue bonds, series 2002, downgraded to 'B-' from 'B'. The bonds are removed from Rating Watch Negative and ...

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