Fitch Rates Lake County School Board an A+ bond rating JUST Before they decide to refinance $90-million in bonds.

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January 05, 2013

Fitch Rates Lake County School Board an A+ bond rating JUST Before they decide to refinance $90-million in bonds.

Tavares, FL - Jan. 5, 2012

This rating actually came out on December 20th, but I just found it today.

This was before the School District Board decided on December 31 to refinance another $90-million in bonds without any competitive bids. That means they sole sourced a bond consultant and approved the deal without any competitive bidding. Fees described in the online agreement were over $500,000.

I can't explain the relevance of the rating, but the analysis seems interesting.

http://www.businesswire.com/news/home/20121220006225/en/Fitch-Rates-Lake-County-School-Board-FLs

Vance Jochim [email protected] YouTube Channel "FiscalRangersFlorida"

Posted at 07:08 PM in Lake County School District | Permalink