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Georgetown Independent School District, TX's ICR Raised To 'AA-' On Continued Positive Operating Results May 10 Product Image

Georgetown Independent School District, TX's ICR Raised To 'AA-' On Continued Positive Operating Results May 10

  • ID: 1714748
  • May 2010
  • Standard & Poors

FEATURED COMPANIES

  • Georgetown Indpt Sch Dist
  • MORE

Abstract
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: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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