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Fitch Rates United ISD, Texas 2013 ULT Rfdg Bonds 'AAA' PSF & 'AA-' Underlying; Outlook Stable

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AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings assigns an 'AAA' rating to the following United Independent School District, Texas (ISD; the district) unlimited tax (ULT) refunding bonds: --$12.4 million ULT refunding bonds, series 2013A. 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 Aug. 12, 2013. Proceeds will be used to refund a Reported by Business Wire 20 hours ago.

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