Fitch Rates Lewisville ISD, TX ULTs 'AAA' PSF; Outlook Stable
OREANDA-NEWS. Fitch Ratings assigns an 'AAA' rating to Lewisville Independent School District, Texas' $245.4 million unlimited tax (ULT) refunding bonds, series 2016A.
Please see 'Fitch Rates Lewisville ISD, TX ULTs 'AA+'; Stable Outlook' dated April 12, 2016 at www.fitchratings.com for more information regarding the district's series 2016A and series 2016B ULT refunding bonds.
The Rating Outlook is Stable.
The bonds have been approved under the Texas PSF bond guaranty program (for more information on the Texas PSF, see 'Fitch Affirms Texas PSF Rating at 'AAA'; Outlook Stable', dated Aug. 5, 2015).
KEY RATING DRIVERS
PSF GUARANTY APPROVAL: The 'AAA' rating is based on a guaranty provided the bonds under the Texas Permanent School Fund bond guaranty program.
The rating is sensitive to changes in the PSF bond guaranty program rating.