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Summary: Kennedale Independent School District, Texas; School State Program Mar 11 Product Image

Summary: Kennedale Independent School District, Texas; School State Program Mar 11

  • Published: March 2011
  • Standard & Poors

FEATURED COMPANIES

  • Kennedale Indpt Sch Dist
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Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'A+' issuer credit rating (ICR) to Kennedale Independent School District, Texas' series 2011 unlimited-tax refunding bonds. At the same time, Standard & Poor's affirmed its 'A+' ICR and 'AAA' enhanced school program rating on the district's general obligation (GO) debt. The outlook on all ratings is stable. The 'AAA' enhanced program rating reflects the district's eligibility for, and participation in, the Texas Permanent School Fund bond guarantee program, which provides the security of a permanent fund of assets that the district can use to meet debt service on bonds guaranteed by the program. The ICR reflects our view of the district's: Access to and participation in the strong Fort...

Companies mentioned in this report are:
- Kennedale Indpt Sch Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Kennedale Indpt Sch Dist

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