Fitch Rates Comal ISD, Texas GOs 'AAA' PSF.AUSTIN, Texas -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. assigns an 'AAA' rating on Comal, TX's (the district) $56.6 million unlimited tax refunding Tax refund Money back from the government when too much tax has been paid or withheld from a salary. bonds, series 2005A. The bonds are expected to price March 2 via Southwest Securities. The rating is based on a guarantee provided by the Texas Permanent School Fund, whose insurer financial strength is rated 'AAA' by Fitch fitch: see polecat. . In addition, an underlying rating of 'A+' was assigned to the bonds on March 2. The Rating Outlook is Stable. For more information on the district, please refer to Fitch's press release dated March 2, 2005 titled 'Fitch Rates Comal ISD See IDD. , Texas $56.6MM GOs 'A+' Underlying,' available on the Fitch Ratings web site at 'www.fitchratings.com'. |
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