Fitch affirms Hernando County schools, Fla.

Fitch Ratings said it affirmed the A- rating on Hernando County School Board, Fla.'s approximately $8.2 million in outstanding general obligation bonds and the BBB+ rating on about $149.2 million in outstanding certificates of participation.

The outlook for all bonds is stable.

Fitch said the affirmation reflects the school board's recent operating surpluses, decreased financial volatility, and improved budgeting practices. The rating also considers the county's somewhat narrowly focused economy and sizable future capital needs.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.