Key Developments: Clearfield Inc (CLFD.W)

TEXT-Fitch affirms Clearfield, Utah sales tax revs at 'AA-'

Nov 28 - Fitch Ratings has affirmed Clearfield, Utah's (the city) bonds as follows: --$11 million sales tax revenue bonds series 2003 at 'AA-'; --Implied unlimited general obligation (GO) rating at 'AA-'. The Rating Outlook is Stable. SECURITY The bonds are secured by a first lien on 100% of Clearfield's sales and use tax revenues. The tax is currently levied at the maximum allowable rate of 1.00% on all taxable sales of goods and services. These tax revenues are collected by the Utah State T