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Article: Fitch Rates Osceola County School Board, FL's COPs 'A'; Outlook Stable.
- Article from:
- Leisure & Travel Week
- Article date:
- November 14, 2009
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Fitch Ratings assigns an 'A' rating to Osceola County School Board, Florida's (the district) approximately $36.5 million certificates of participation (COPs), series 2009A. The COPs are expected to price the week of Nov. 9. Proceeds will be used to refund outstanding COPs for debt service savings. Concurrently, Fitch affirms the district's $169 million of outstanding COPs, a portion of which will be refunded with this issuance. The Rating Outlook is Stable.
The 'A' rating on the COPs reflects strong legal features of the master lease structure as well as the general credit characteristics of the district, including moderate debt levels, sound management, and ...