Lewisville Independent School District, Texas; General Obligation; School State Program Dec 08

Standard & Poors, December 2008

Abstract
Standard & Poor's Ratings Services has assigned its 'AA+' standard long-term rating on Lewisville Independent School District, Texas' $170 million series 2009 unlimited-tax general obligation (GO) school building bonds. At the same time, Standard & Poor's affirmed its 'AA+' issuer credit rating (ICR) and underlying rating (SPUR) on the district's GO debt. 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. The outlook on all ratings is stable. In our opinion,...

Companies mentioned in this report are:
- Lewisville Indpt Sch Dist

Action: New Rating

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

- Lewisville Indpt Sch Dist

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