Fitch gives AAA to Grand Prairie I.S.D. bonds

Fitch Ratings said it assigned an AAA rating to Grand Prairie Independent School District, Texas' $61 million series 2008 unlimited tax school building bonds based on a guaranty provided by the Texas Permanent School Fund.

The bonds are scheduled for a negotiated sale as early as July 15.

Proceeds will be used to finance school facility projects and pay issuance costs.

Fitch assigned an underlying rating of AA- to the series 2008 bonds and affirmed the AA- rating on $412 million in outstanding parity bonds. The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.