Georgetown Independent School District, TX's ICR Raised To 'AA-' On Continued Positive Operating Results May 10
- ID: 1714748
- May 2010
- Standard & Poors
DALLAS (Standard & Poor's) May 12, 2010--Standard & Poor's Ratings Services said it raised to 'AA-' from 'A+' its issuer credit rating (ICR) on Georgetown Independent School District, Texas' general obligation (GO) debt. We affirmed the 'AAA' enhanced rating, with a stable outlook, on the district's outstanding GO bonds. In addition, we assigned a 'AAA' enhanced program rating and a 'AA-' ICR to the district's series 2010 unlimited-tax refunding bonds. The outlook is stable. "The upgrade is based on the district's continued trend of positive operating results as it manages new fiscal challenges associated with Texas' school funding formula, and increasing enrollment," said Standard & Poor's credit analyst Sarah Smaardyk. The 'AAA' enhanced program rating reflects the district's eligibility for,...
Companies mentioned in this report are:
- Georgetown Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
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