Fitch rates University of Texas System bonds AAA/F1+

Fitch Ratings said it assigned an AAA/F1+ rating to about $685 million of the Board of Regents of the University of Texas System's revenue financing system (RFS) bonds, series 2008B.

The bonds will be issued as variable-rate demand obligation bonds and are expected to price in mid-March through a negotiated sale.

Fitch also affirmed its AAA rating on the system's approximately $2.4 billion of outstanding RFS fixed-rate bonds; its AAA/F1+ rating on the system's approximately $369.2 million of outstanding RFS variable-rate demand bonds; its F1+ rating on the system's $750 million of tax-exempt RFS commercial paper notes, series A; and its F1+ rating on the system's $50 million of taxable RFS commercial paper notes, series B.

The outlook is stable.

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