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Article: Fitch Rates Hillsborough County Schools, Florida's $89.9MM COPs 'A+'.
- Article from:
- Business Wire
- Article date:
- October 18, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Fitch Ratings assigns an underlying 'A+' rating to the School Board of Hillsborough County, Florida's (the district) approximately $89.9 million certificates of participation (COPs) (School Board of Hillsborough County, Florida Master Lease Program), series 2004C. The COPs, expected to be insured, are scheduled to price the week of Oct. 25 through negotiation led by UBS Financial Services and Citigroup and mature July 1, 2005-2030. The COPs will be issued as auction-rate securities with an initial seven-day auction period. Proceeds will be used to fund the construction of four new school facilities. Fitch also affirms the 'A+' underlying rating on the ...
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