Fitch Ratings assigns an 'AA' rating to the following revenue bonds issued by the Pennsylvania Higher Educational Facilities Authority on behalf of the Pennsylvania State System of Higher Education (PASSHE):
--Approximately $12.3 million of Series AO-1 (Tax-Exempt)
--Approximately $18.4 million of Series AO-2 (Taxable)
The bonds are expected to sell competitively the week of June 24th. Bond proceeds will be used to finance certain construction projects and pay costs of issuance.