Fitch assigns F1+ to Colorado education TRANs

Fitch Ratings said it assigned an F1+ rating to Colorado's $215 million series 2008A education loan tax and revenue anticipation notes.

The notes will be sold competitively on July 15 and mature Aug. 7, 2009.

Proceeds will be used to make interest-free loans to qualifying school districts to ease their cash flow.

This borrowing is the first of a two-part issuance, with a parity note issuance of up to $321 million scheduled for December 2008.

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