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Alvarado Independent School District, TX Issuer Credit Rating On Debt Raised To 'A+'
Standard & Poors, April 2008
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) April 29, 2008--Standard & Poor's Ratings Services raised its issuer credit rating (ICR) on Alvarado Independent School District, Texas' existing debt to 'A+' from 'A-' based on the significant expansion of the property tax base coupled with the maintenance of historically sound reserves. At the same time, Standard & Poor's affirmed its 'AAA' enhanced rating on all of the district's existing debt. Standard & Poor's also assigned its 'AAA' enhanced rating and 'A+' issuer credit rating to the district's unlimited tax refunding bonds series 2008. The outlook on the ratings above is stable. The enhanced rating reflects the guarantee provided by the Texas Permanent School Fund. The ICR continues to reflect the district's good wealth and...
Companies mentioned in this report are: Alvarado Indpt Sch Dist
Action: Upgraded
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