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Fitch Affirms Nacogdoches County Hospital District, TX Sales Tax Bonds at 'A'.
Business Wire
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February 12, 2009
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COPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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AUSTIN, Texas -- In the course of routine surveillance, Fitch Ratings affirms the 'A' rating on Nacogdoches County Hospital District, Texas' (the district) $26.4 million sales tax bonds. The Rating Outlook is Stable.
The bonds are special limited obligations of the district payable and secured by the district's 1% sales and use tax. Proceeds of the bonds were used for hospital expansion, renovations and improvements, and to refund a portion of the district's outstanding debt for interest cost savings.
Fitch's 'A' rating reflects the district's growing ...
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