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Fitch Confirms Texas Tech University System's $173.985MM 12th Series Bonds 2009 at 'AA'.


NEW YORK -- Fitch Ratings confirms the 'AA' rating on approximately $173.985 million Board of Regents of Texas Tech University System (TTUS) revenue financing system refunding and improvement bonds 12th series 2009. The 12th series 2009 bonds, originally named the 12th series 2008 bonds, were expected to price on or about Oct. 24, 2008 through a negotiated sale. However, due to unfavorable market conditions at that time, the sale of the bonds was delayed. According to TTUS' financial advisor, the sale date of the 12th series 2009 bonds is now scheduled for the week of Feb. 2, 2009.

For additional information on TTUS, please see Fitch research dated Oct. 21, 2008 and available at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

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Publication:Business Wire
Date:Jan 28, 2009
Words:180
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