Fitch rates Fort Bend I.S.D., Texas, bonds AAA

Fitch Ratings said it assigned an AAA rating to Fort Bend Independent School District, Texas' $223.7 million of unlimited-tax school building bonds, series 2008.

The bonds are scheduled to sell by negotiation on April 14.

The AAA rating is based on a guaranty from the Texas Permanent School Fund.

In addition, Fitch said it assigned an AA underlying rating to the series 2008 bonds and affirmed the AA rating on the district's $627 million of outstanding unlimited-tax bonds (net of refunding).

The outlook is stable.

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