Fitch Rates Lake Travis ISD, Texas Ser 2005 Bnds 'AAA' with PSF Guarantee.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. has assigned an 'AAA' rating to the Lake Travis Independent School District Lake Travis Independent School District is a public school district in western Travis County, Texas (USA). It was created from part of the Dripping Springs Independent School District on June 12, 1981. Geography Lake Travis ISD covers approximately 118 square miles. , Texas' (the district) $22.5 million unlimited tax refunding bonds, series 2005 (the bonds), based on a guarantee provided by the Texas Permanent School Fund, whose insurer financial strength is rated 'AAA'. An underlying rating of 'AA-' has been assigned to the bonds and affirmed for the district's $63.2 million unlimited tax school building bonds outstanding. Please refer to the press release title "Fitch Rates Lake Travis Lake Travis is a reservoir on the Colorado River in central Texas in the United States. The reservoir was formed in 1942 by the construction of Mansfield Dam on the western edge of Austin, Texas by the Lower Colorado River Authority. ISD See IDD. , TX $22.5MM GO Rfdg 'AA-' Underlying" dated Feb. 25, 2005, for a full description of the financing. |
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