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Summary: El Paso Independent School District, Texas; General Obligation; School State Program Apr 11
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'AA-' school issuer credit rating (ICR), and stable outlook, to El Paso Independent School District, Texas' series 2011 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'AAA' enhanced program rating and 'AA-' ICR, with a stable outlook, and its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the district's existing GO debt. At the same time, Standard & Poor's withdrew its 'AAA' enhanced program rating and 'AA-' ICR, and stable outlook, on the district's series 2010 unlimited-tax GO refunding bonds since those bonds did not go to market. The 'AAA' enhanced program rating reflects the Texas Permanent School Fund guarantee. The 'AA-' rating...
Companies mentioned in this report are: El Paso Indpt Sch Dist,Texas Perm Sch Fd
Action: New Rating
Action: Outlook: Stable
El Paso Indpt Sch Dist,Texas Perm Sch Fd