CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded the rating on the series 2011 and 2013 revenue financing system (RFS) revenue bonds issued by Texas Public Finance Authority (TX) for Texas Southern University (TSU) to 'BBB' from 'BBB+'. The Rating Outlook has been revised to Stable from Negative. SECURITY RFS debt is secured by pledged revenues, which include a broad mix of pledged tuition, auxiliary receipts, rentals, fees and other income from TSU. The RFS bond pledge specifically exclu
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