Monday, April 19, 2010

School Board rates an 'A' from Fitch

Fitch Ratings has assigned an 'A' rating to the following Osceola County School Boardcertificates of participation (COPs): $40.5 million COPs, series 2010A. In addition, Fitch takes the following rating actions on the following outstanding debt: $169 million COPs affirmed at 'A'; $85 million sales tax revenue bonds downgraded to 'A-' from 'A'. Fitch has also revised the Rating Outlook for the COPs to Positive from Stable. Additionally, Fitch has revised the Rating Outlook for the sales tax revenue bonds to Negative from Stable.

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