Fitch rates Austin, Texas, school bonds AA

Fitch Ratings said it assigned an AA rating to $100 million unlimited tax school refunding bonds, series 2008, issued by Austin Independent School District in Texas. The outlook is stable.

The bonds are scheduled to sell competitively the week of June 23.

Proceeds will be used to construct and renovate schools, to acquire land for future schools and to pay costs of issuance.

Fitch affirmed its AA rating on the district's $608.3 million outstanding tax refunding bonds.

© 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.