Fitch Rates Mesquite ISD, Texas GOs 'AAA' PSF; 'AA' Unenhanced.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Dec. 6, 2002 Mesquite Independent School District The Mesquite Independent School District is a school district in Mesquite, Texas (USA) (incorporating most of Mesquite and portions of Balch Springs, Dallas, Garland, and Seagoville, as well as serving all high school students of Sunnyvale) which follows the standard definition of , Texas' (the district) unlimited tax school building and refunding bonds, series 2002-A are rated 'AAA' by 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. based on an approval for a guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. rating on the current issue by the Texas Permanent School Fund. In addition, Fitch has assigned an unenhanced rating of 'AA' to the current offering and affirmed the district's long-term unenhanced rating of approximately $328 million of outstanding unlimited tax school bonds and outstanding variable rate school building unlimited tax bonds, series 2000. For more information, see Fitch's Dec. 2, press release, 'Fitch Rates $47.8MM Mesquite ISD See IDD. , Texas 'AA' Unenhanced', available on the Fitch Ratings web site at 'www.fitchratings.com'. |
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