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Article: Fitch Rates Hillsborough County School District, Florida's $68.2MM COPs 'A+'.
- Article from:
- Business Wire
- Article date:
- January 5, 2007
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NEW YORK -- Fitch assigns an underlying 'A+' rating to the Hillsborough County School District, Florida's (the district) approximately $68.2 million refunding certificates of participation (COPs) (School Board of Hillsborough County, Florida Master Lease Program), series 2006B. The COPs, expected to be insured by MBIA Insurance Corp., are scheduled to price Jan. 9 via negotiation with a syndicate led by Citigroup. Ford and Associates, Inc. serves as the district's financial advisor. Proceeds will be used to refund outstanding COPs, series 1998B and 2001B, for a net present value savings estimated at 3.3% of the refunded certificates. In addition, Fitch affirms the 'A+' ...