Fitch Upgrades Texas Pub Fin Auth Series 2003 CP Revenue Notes

NEW YORK--(BUSINESS WIRE)--The upgrade of State of Texas Public Finance Authority tax-exempt CP revenue notes, series 2003, to 'F1+' from 'F1', referenced in Fitch Ratings' Nov. 9, 2012, press release ('Fitch Takes Various Rating Actions on Texas Public Finance Auth CP Notes'), is effective today (Dec. 4, 2012).

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Tax-Supported Rating Criteria' (Aug. 14, 2012).);

--'U.S. State Government Tax-Supported Rating Criteria' (Aug. 14, 2012);

--'Criteria for Assigning Short-Term Ratings Based on Internal Liquidity' (June 15, 2012).

Applicable Criteria and Related Research:

Tax-Supported Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686015

U.S. State Government Tax-Supported Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686033

Criteria for Assigning Short-Term Ratings Based on Internal Liquidity

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681822

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