Fitch rates Orange County, Fla., schools' certificates A+

Fitch Ratings said it assigned an A+ rating to about $86.6 million of variable-rate certificates of participation (COPs), series 2008A, issued by the School Board of Orange County, Fla. (the board or the district). The outlook is stable.

At the same time, Fitch affirmed the A+ rating on the school board's about $1.4 billion of outstanding COPs.

The certificates are secured by lease payments made by the district to the trustee as assignee of the Orange County School Board Leasing Corp.

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