SAN FRANCISCO–(BUSINESS WIRE)–Fitch Ratings upgrades the following Indio Public Financing Authority, CA (the authority) lease revenue bonds: –$22.5 million lease revenue refunding bonds, series 2012 (public capital improvements) to ‘A+’ from ‘BBB+’. In addition, Fitch upgrades the city of Indio’s Issuer Default Rating (IDR) to ‘AA-‘ from ‘A’. The Rating Outlook is revised to Stable from Positive. SECURITY The lease revenue bonds are limited obligations, supported by the city’s covenant to bu
