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Coppell Independent School District, Texas; Tax Secured, General Obligation; Tax Secured, School State Program Aug 04 Product Image

Coppell Independent School District, Texas; Tax Secured, General Obligation; Tax Secured, School State Program Aug 04

  • ID: 1754846
  • August 2004
  • Region: Texas
  • Standard & Poors

FEATURED COMPANIES

  • Coppell Indpt Sch Dist
  • Texas Perm Sch Fd
  • MORE

Abstract
The 'AAA' long-term rating on Coppell Independent School District, Texas' bonds reflects the Texas Permanent School Fund guarantee. The 'AA-' standard long-term rating and Standard & Poor's underlying rating (SPUR) on the bonds and contractual obligations reflects the district's: Good location in the broad and diverse Dallas MSA economy, adjacent to the Dallas-Fort Worth airport; Very high income and property wealth levels, coupled with low unemployment rates; and Good financial management. These strengths are somewhat offset by: Some financial pressures; and A moderate to high debt burden, although this is mitigated by limited future capital needs. The bonds are secured by unlimited ad valorem taxes on property within the district. The school district, which serves an estimated population of 45,448,...

Companies mentioned in this report are:
- Coppell Indpt Sch Dist
- Texas Perm Sch Fd

Action: Affirmed

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

- Coppell Indpt Sch Dist
- Texas Perm Sch Fd

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