Fitch Confirms Fort Bend ISD, Texas' ULTGOs at 'AA'
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AUSTIN, Texas--(Business Wire)-- Fitch Ratings confirms the underlying 'AA' rating previously assigned to Fort Bend Independent School District, Texas' unlimited tax general obligation bonds including the unlimited tax adjustable-rate and capital appreciation refunding bonds, series 2005 which will be remarketed on or about Aug. 3, 2009 to convert from variable-rate to a fixed-rate mode. The series 2005 bonds are in fact rated 'AAA' based on a guaranty provided by the Texas Permanent School Fund, whose Insurer Financial Strength is rated 'AAA' by Fitch. The Rating Outlook is Stable. Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site. Fitch Ratings, Austin Gabriela Gutierrez, 512-215-3731 Andy Kaaz, 512-215-3730 or Media Relations: Cindy Stoller, 212-908-0526, New York Email: cindy.stoller@fitchratings.com Copyright Business Wire 2009
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