Fitch Revises Rating on Owens Valley Unified School District (CA) GO Bonds

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has revised the rating on the Owens Valley Unified School District (CA) general obligation bonds to 'A' from 'BBB+'. The rating is being revised in conjunction with the recalibration of local tax-supported credits effective April 30, 2010.

Fitch initially announced plans for recalibration in the 'Recalibration of U.S. Public Finance Ratings' special report, which was published on March 25, 2010. That report, along with special reports outlining summary and detailed information on other U.S. local tax-supported recalibrated ratings, is available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'

Applicable Criteria and Related research:

'Recalibration of U.S. Public Finance Ratings' (March 25, 2010).

Applicable Criteria and Related Research:

Recalibration of U.S. Public Finance Ratings

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=506212

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