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Article: Fitch Rates Leander ISD, Texas' $51.5MM ULT Bonds 'AA-'; Outlook Stable.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Fitch Ratings assigns an 'AA-' rating to Leander Independent School District, Texas' (the district) $51.5 million unlimited tax (ULT) refunding bonds, series 2009. In addition, Fitch affirms the approximately $1.2 billion in outstanding unlimited tax bonds at 'AA-'. The Rating Outlook is Stable.
Scheduled for a negotiated sale as early as the week of Nov. 2, 2009, the bonds are secured by an unlimited ad valorem tax levied against all taxable property within the district. Proceeds will be used to refund a portion of the district's outstanding debt and pay issuance costs.
The 'AA-' rating reflects the district's solid financial performance while ...