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Coppell Independent School District, Texas; General Obligation; School State Program
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'AA' issuer credit rating (ICR) to Coppell Independent School District, Texas' series 2011 unlimited-tax school building bonds. At the same time, Standard & Poor's affirmed its 'AA' underlying rating (SPUR) and 'AA' ICR on the district's existing general obligation (GO) debt. The outlook is stable. In addition, Standard & Poor's affirmed its 'AAA' program rating on certain series of the district's GO debt. The program rating reflects the district's eligibility for, and participation in, the Texas Permanent School Fund bond guarantee program, which provides the security of a permanent fund of assets that can be used to meet debt service on program-guaranteed bonds. In our view, the 'AA'...
Companies mentioned in this report are: Coppell Indpt Sch Dist
Action: New Rating
Coppell Indpt Sch Dist