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Fitch Ratings assigns an 'AA-' rating to the Frenship Independent School District, Texas' unlimited tax refunding bonds as follows: In addition, Fitch assigns an 'AAA' rating to the series 2015B bonds based on a guaranty provided by the Texas Permanent School Fund , whose bond guaranty program is rated 'AAA' by Fitch. The bonds are scheduled for a negotiated sale the week of April 13. Proceeds will be used to refund a portion of the district's debt for interest savings. Comment?
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