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Fitch Rates Galena Park ISD, Texas' ULT Rfdg Bonds 'AAA' PSF/'AA+' Underlying; Outlook Stable

AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AAA' rating to the following Galena Park Independent School District, Texas (ISD; the district) bonds: --$9.675 million unlimited tax refunding bonds, series 2013; --$29.455 million unlimited tax refunding bonds, taxable series 2013. The 'AAA' long-term rating reflects the guarantee provided by the Texas Permanent School Fund (PSF; bond guaranty program rated 'AAA' by Fitch). The bonds are expected to sell competitively on June 26. P Reported by Business Wire 6 hours ago.

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