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Fitch Upgrades University of South Florida's Parking Revenue Bonds to 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded to 'AA-' from 'A+' the ratings on the following parking facility revenue bonds issued on behalf of the University of South Florida (USF, or the university): --$6.3 million Florida Board of Education series 2002; --$7.2 million Florida Education System series 2004A; --$11.2 million State of Florida Board of Governors series 2006A. The Rating Outlook is Stable. SECURITY The bonds are secured by and payable from USF parking system net revenues.

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