Fitch Affirms Aurora West SD No. 129, Illinois' QZAB Certificates at 'A+' (Business Wire)

Friday October 10, 3:50 pm ET CHICAGO--(BUSINESS WIRE)--In the course of routine surveillance, Fitch Ratings has affirmed at 'A+' the following qualified zone academy (QZAB) bonds for the Aurora West School District No. 129, Illinois (the district): --$2 million lease certificates, series 2001; --$1 million lease certificates, series 2003. The Rating Outlook is Stable. The rating reflects strength of the district's general obligation pledge as well as the pledge of state aid revenues and the withholding mechanism applied for the benefit of bondholders. The certificates are payable from general funds of the district and other legally available funds. The district does not have the authority to levy additional taxes in meeting its lease obligations. District finances are satisfactory, aided by a recent voter approved millage... [read full story]