"The bonds could sell as early as this week," S&P's New Yorkanalysts Robin Prunty and Hyman C. Grossman write in their Oct. 23overview of the rating. "The outlook is stable."
S&P also gave a AA rating to the state's outstanding fullfaith and credit debt. The rankings come as the legislature opensits 60-day session in Tallahassee with the Senate and Housedesperately trying to trim $1 billion from the state's $48 billionbudget.
The public education capital outlay program is the state'slargest bond program with $7.4 billion of total debt outstanding.Bond proceeds will fund school facility construction projects andrefund outstanding series 1986-B bonds, which are first-lienobligations.
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