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Fitch Rates Forney ISD, Texas' ULT Bonds 'AAA' PSF
Business Wire, May 14, 2008
AUSTIN, Texas -- Fitch Ratings assigns an 'AAA' to Forney Independent School District, Texas' (the district) $40 million unlimited tax school building bonds, series 2008. The rating is based on a guaranty provided by the Texas Permanent School Fund (PSF), whose Insurer Financial Strength is rated 'AAA' by Fitch. The rating on the 2008 bonds reflecting credit quality without consideration of the PSF guaranty is 'A', which was assigned by Fitch on May 9. The bonds are scheduled to price May 15.
For more information on the district, see Fitch's press release dated May 9, 2008, available on the Fitch Ratings website at www.fitchratings.com.
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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.
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