Fitch Rates Florida Community College $28.2MM Cap Improvement Rev Bonds 'A+'; Outlook Stable

NEW YORK - (Business Wire) Fitch Ratings assigns an 'A+' rating to the approximately $28,200,000 State of Florida Department of Education community college capital improvement revenue bonds, series 2008A. The bonds are scheduled to sell competitively during the month of July or August. At the same time, Fitch affirms the 'A+' rating on approximately $51,470,000 of outstanding capital improvement revenue bonds. Six of Florida's 28 community colleges currently issue capital improvement revenue bonds, which are secured by a mandatory capital improvement fee (CIF) assessed to most full-time equivalent students attending these institutions. The six community colleges are Broward College; Palm Beach Community College; St. Petersburg College; Santa Fe College; Seminole Community College; and Tallahassee Community College (the... [read full story]