NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA-' ratings on the following bonds: --$20.3 million Board of Regents of Stephen F. Austin State University Revenue Financing System, revenue refunding bonds; --$62.4 million Texas Public Finance Authority, Stephen F. Austin State University Revenue Financing System revenue bonds. The Rating Outlook is Stable. SECURITY The bonds are secured by all legally available revenues and fund balances of Stephen F. Austin State University (SFA).