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Article: ORANGE COUNTY (FL) SCHOOL DISTRICT TAX ANTICIPATION NOTES RATED 'F-1+' BY FITCH -- FITCH FINANCIAL WIRE --
- Article from:
- PR Newswire
- Article date:
- September 26, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. 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, 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. ...