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Fitch Rates Yoakum ISD, TX's ULT Bonds 'AAA' TX PSF/'A+' Underlying; Outlook Stable

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AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AAA' rating to the following Yoakum Independent School District, Texas' (the district) unlimited tax (ULT) bonds: --$5.2 million ULT refunding bonds, series 2015. The bonds are scheduled for negotiated sale the week of Aug. 24. Proceeds will be used to refund a portion of the district's outstanding debt for interest cost savings. In addition, Fitch assigns 'A+' underlying rating to the series 2015 bonds, and affirms the 'A+' on the

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