Fitch Rts $13.6MM Mesquite ISD, TX ULT Refs 'AAA' PSF.Business Editors
AUSTIN, Texas--(BUSINESS WIRE)--Dec. 8, 2003
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 a 'AAA' rating to the $13.6 million unlimited tax refunding bonds, series 2004 of 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 (ISD See IDD. ), Texas based on an approval for a guarantee by the Texas Permanent School Fund (PSF (Print Services Facility) Software from IBM that performs the printer rasterization for IBM's AFP and other page description languages. PSF products are available for IBM mainframes, AS/400 and RS/6000 series and output the IPDS format for IBM printers. ). Fitch rates the PSF's insurer financial strength 'AAA'. In addition, Fitch has assigned an underlying rating of 'AA' to the current offering and affirmed the 'AA' underlying rating on the district's $403.7 million in unlimited tax school bonds outstanding, both with a Stable Rating Outlook.
For more information on Mesquite Mesquite, city, United States
Mesquite (məskēt`), city (1990 pop. 101,484), Dallas co., N Tex., a suburb of Dallas; inc. 1887. Manufacturing includes industrial power supplies, building materials, and medical equipment. ISD, please see Fitch's press release from earlier today, "Fitch Rates $13.6MM Mesquite ISD, TX ULT Refs 'AA' Und," available on Fitch Ratings' web site at www.fitchratings.com.
For further information on the PSF, please see Fitch's reports "Credit Analysis on Texas Permanent School Fund" or "Credit Update on Texas Permanent School Fund," both dated July 10, 2003 and available on Fitch Ratings' web site at www.fitchratings.com under Highlight Reports in the U.S. Public Finance sector.