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Fitch Rates United ISD, Texas 2014 ULT Bonds 'AAA' PSF & 'AA-' Underlying; Outlook Stable

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AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AAA' rating to the following United Independent School District, Texas (ISD; the district) unlimited tax (ULT) bonds: --$100 million ULT school building bonds, series 2014. The 'AAA' long-term rating reflects the guarantee provided by the Texas Permanent School Fund (PSF), whose bond guarantee program is rated 'AAA' by Fitch. The bonds are expected to price via negotiation the week of June 23, 2014. Proceeds will be used to construc Reported by Business Wire 36 minutes ago.

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