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Fitch Rates Furman University, SC Revs 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA-' rating to approximately $65.6 million of South Carolina Jobs-Economic Development Authority economic development revenue and refunding bonds series 2015 issued on behalf of Furman University (Furman). The bonds are expected to be sold via negotiation on or about the week of July 8th. Proceeds will be used to renovate student housing on campus ($25 million), to advance refund certain existing bonds ($40 million of series 2006A), and

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