Fitch Ratings said it has upgraded the Okaloosa County School Board, Fla.'s implied general obligation rating to AA-plus from AA; its $2.8 million refunding and revenue bonds, series 2011 (state sales tax revenue bonds) to AA-plus from AA; and $63.4 million certificates of participation (COPs), series 2003, 2006 and 2007 to AA from AA-minus.

The rating outlook is stable for the implied GO and COPs. The rating outlook is negative for the revenue bonds.

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