Article: ORANGE COUNTY (FL) SCHOOL DISTRICT TAX ANTICIPATION NOTES RATED 'F-1+' BY FITCH -- FITCH FINANCIAL WIRE --

NEW YORK, Sept. 26 /PRNewswire/ -- Orange County School District (FL)'s $35,000,000 Tax Anticipation Notes, Series 1995 are rated 'F-1+' by Fitch. The notes will be sold competitively October 10. The notes mature October 16, 1996.

The 'F-1+' rating reflects good coverage on the notes as well as the district's sound financial management and adequate fund balances. This issue is smaller and later in the year than previous borrowings, reflecting the district's increase in cash balances. Risks to the cash flow are minimal as both tax and state aid receipts are very predictable. ...

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