Fitch Rates New Braunfels ISD, Texas GO Bonds '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 to New Braunfels Independent School District New Braunfels Independent School District is a public school district based in New Braunfels, Texas (USA). Located in Comal County, a small portion of the district extends into Guadalupe County. , Texas' (the district) $25 million unlimited tax school building bonds, series 2006. The rating is based on 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. provided by the Texas Permanent School Fund (PSF), whose insurer financial strength is rated 'AAA' by Fitch. The rating on the 2006 bonds reflecting credit quality without consideration of the PSF guaranty is 'A+', which was assigned by Fitch on July 10. The bonds priced earlier this week. For more information on the district, see the press release dated July 10, 2006, available on the Fitch Ratings web site at 'www.fitchratings.com'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. 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 Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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