|
|
Article: Fitch Rates Boulder Valley School District No. RE-2's (CO) $177MM GOs 'AA'.
- Article from:
- Business Wire
- Article date:
- February 11, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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)
|
AUSTIN, Texas -- Fitch Ratings assigns an 'AA' rating to $176.8 million of Boulder Valley School District No. RE-2's (the district), Colorado, general obligation (GO) bonds series 2009, scheduled to sell competitively on Feb. 24. Additionally, Fitch affirms its 'AA' rating on the district's $220.6 million outstanding GO bonds. The Rating Outlook is Stable.
The bonds are direct obligations of the district and are payable from an unlimited ad valorem tax levied on all taxable property located within the district. Bond proceeds will be used to finance the improvement of school facilities and pay issuance costs.
The 'AA' rating reflects the district's ...