Summary: El Paso Independent School District, Texas; General Obligation; School State Program Apr 11
Standard & Poors, April 2011
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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.
Abstract
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: Affirmed
Action: New Rating
Action: Outlook: Stable
El Paso Indpt Sch Dist,Texas Perm Sch Fd
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