Kroll Bond Rating Agency Affirms Long-Term Rating of A+ For City of Waterbury, CT by EON

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NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (“KBRA”) affirms the long-term rating of A+ with a stable outlook to the City of Waterbury, CT. This rating applies to all of the City’s outstanding General Obligation Bonds. Waterbury’s direct debt, which includes general obligation debt issued for all purposes, including pension obligation bonds, is $476.5 million, on a pro-forma basis, as of June 30, 2012. This affirmation is based on KBRA’s U.S. Local General Obligation Rating Methodology,

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