- Language: English
- Published: June 2013
- Region: Texas
Summary: Castleberry Independent School District, Texas; School State Program
- ID: 1714815
- April 2011
- Region: Texas
- Standard & Poors
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 'A+' school issuer credit rating (ICR), and stable outlook, to Castleberry Independent School District, Texas' series 2011 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'AAA' program rating and 'A+' ICR, with a stable outlook, on the district's existing GO debt. The 'AAA' enhanced 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 the district can use to meet debt service on bonds guaranteed by the program. The ICR reflects our assessment of the district's: Very strong financial position, and Access to Dallas-Fort Worth's deep economic base. These...
Companies mentioned in this report are: Castleberry Indpt Sch Dist,Texas Perm Sch Fd
Action: New Rating
Action: Outlook: Stable
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Castleberry Indpt Sch Dist,Texas Perm Sch Fd