SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to the expected issuance of $77 million California Educational Facilities Authority (CEFA) revenue bonds, series 2015, issued on behalf of Pepperdine University (Pepperdine or the university). The Rating Outlook is Stable. Pepperdine expects to issue a total of $77 million of series 2015 bonds through negotiated sales the week of July 20, 2015. Bond proceeds will be used to refund the university's currently outstanding series