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Article: Fitch Rates Washington School District Credit Enhancement Program 'AA'; Outlook Positive.
- Article from:
- Business Wire
- Article date:
- May 13, 2008
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NEW YORK -- Fitch Ratings affirms the 'AA' rating on the Washington School District Credit Enhancement Program. The Rating Outlook is Positive. Upon request, Fitch will assign its 'AA' rating to general obligation (GO) bonds of eligible Washington school districts based on a 1999 constitutional amendment that permits the state to guarantee school district general obligation debt.
Under the Washington School District Credit Enhancement Program, Washington (the state) pledges its full faith, credit, and taxing power to guarantee full and timely payment of eligible school district general obligation bonds. Therefore, Washington school district bonds certified as ...