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Barbers Hill Independent School District, TX's SPUR, ICR Raised To 'AA' On Sustained Strong Financial Performance
Standard & Poors, May 2011
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.
Abstract
DALLAS (Standard & Poor's) May 2, 2011-- Standard & Poor's Ratings Services raised its underlying rating (SPUR) and issuer credit rating (ICR) to 'AA' from 'AA-' on Barbers Hill Independent School District, Texas' outstanding general obligation (GO) debt. At the same time, Standard & Poor's assigned its 'AAA' long-term rating and 'AA' ICR to the district's series 2011 unlimited tax school building bonds. The outlook is stable. 'The raised rating reflects our view of the district's continued positive financial performance despite enrollment growth pressures and state-mandated wealth transfers,' said Standard & Poor's credit analyst Kate Choban. 'Further strengthening the rating is the district's very strong wealth and income indicators as well as good management practices and policies.' The program rating...
Companies mentioned in this report are: Barbers Hill Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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