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Beaumont Independent School District, Texas Issuer Credit Rating Raised To 'AA-' From 'A+'
Standard & Poors, July 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
NEW YORK (Standard & Poor's) July 16, 2008--Standard & Poor's Ratings Services has raised its issuer credit rating (ICR) on Beaumont Independent School District, Texas, to 'AA-' from 'A+'. At the same time, Standard & Poor's assigned its 'AAA' enhanced rating and 'AA-' ICR to Beaumont Independent School District's 'series 2008 unlimited-tax school building and refunding bonds. The outlook is stable. Standard & Poor's also affirmed its 'AAA' enhanced rating on the district's GO debt outstanding. In addition, Standard & Poor's raised its ICR on the district's series 2004 unlimited-tax, adjustable-rate, current-interest GO refunding bonds to 'AA-' from 'A+'. The outlook is stable. 'The upgrade reflects a long history of stability in both the tax base and the district's financial...
Companies mentioned in this report are: Beaumont Indpt Sch Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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