Fitch Rates Texas State University System Revs ‘AA’; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘AA’ rating to the following bonds issued by the Board of Regents, Texas State University System (TSUS): –$595.0 million revenue financing system (RFS) revenue and refunding bonds, series 2017A; –$33.7 million RFS revenue bonds, taxable series 2017B. Proceeds will fund capital improvements, refund certain outstanding RFS bonds for savings, and pay costs of issuance. The bonds are expected to sell via negotiation the week of Jan. 2, 2017