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Article: Fitch Rates University of Texas System's $100MM 2009B RFS Bonds 'AAA'.
- Article from:
- Business Wire
- Article date:
- January 12, 2009
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NEW YORK -- Fitch rates approximately $100,000,000 of the Board of Regents of The University of Texas System's (the system's) Revenue Financing System (RFS) bonds, series 2009B 'AAA'. The bonds, which will be issued in a traditional fixed rate mode, are expected to price via negotiated sale on or about Jan. 22, 2009. Proceeds will be applied by the system to pay the purchase price of outstanding RFS debt tendered under the system's recently authorized tender program. As market conditions create an economic incentive to do so, the system will issue the series 2009B bonds, and move forward with the tender offer.
Fitch also affirms the system's debt ratings as ...