Fitch rates Pennsylvania state system of higher ed

Lynn Russo Whylly's picture
Thursday, July 11, 2013

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.

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