Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'A+' issuer credit rating (ICR), and stable outlook, to Beaumont Independent School District, Texas' series 2005 unlimited-tax GO refunding bonds. Standard & Poor's also affirmed its 'AAA' enhanced rating and 'A+' ICR, and stable outlook, on the district's GO debt outstanding. In addition, Standard & Poor's affirmed its 'AAA/A-1+' enhanced rating and 'A+' ICR, and stable outlook, on the district's series 2004 unlimited-tax, adjustable-rate, current-interest GO refunding bonds. The enhanced ratings reflect the enhancement of the Texas Permanent School Fund. The ICR reflects the district's: Stable economic base despite the significant presence of the petrochemical sector; Sound reserve levels; and Moderate overall net debt burden, which is stabilized by...
Companies mentioned in this report are:
- Beaumont Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
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