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Fitch Rates Brownsville ISD, TX's ULT Bonds 'AAA' PSF/'AA-' Underlying

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'AAA' rating to the following Brownsville Independent School District (ISD), Texas' (the district) unlimited tax (ULT) refunding bonds: --$9.7 million ULT refunding bonds series 2015. In addition, Fitch Ratings has assigned a 'AA-' rating to the following maintenance tax notes: --$3.1 million maintenance tax notes series 2015. The 'AAA' Long-term rating for the ULT bonds is based on a guaranty provided by the Texas Permanent School Fund (P

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