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Alvarado ISD, TX's Lack Of Capital Needs Five Years Out Elevates GO Debt Rating To 'A-'
Standard & Poors, Jan 2007
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) Jan. 26, 2007--Standard & Poor's Ratings Services raised its issuer credit rating (ICR) on Alvarado Independent School District (ISD), Texas' GO debt one notch to 'A-' from 'BBB+' based on the district's lack of any major capital needs for at least the next five years due to its completion of a major capital program, coupled with the maintenance of historically sound reserves. The outlook remains stable. Simultaneously, the rating service assigned its 'A-' ICR, and stable outlook, to the district's $25.5 million series 2007 unlimited-tax GO school building bonds. The district's steady property tax base growth and sound financial performance support the ICR. The district's above-average debt burden of roughly 5%, limited wealth levels and economic...
Companies mentioned in this report are: Alvarado Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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