Summary: Jarrell Indpt Sch Dist, TX; Tax Secured, School State Program Feb 06
- ID: 1784092
- February 2006
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'BBB+' issuer credit rating (ICR) to Jarrell Independent School District (ISD), Texas' unlimited-tax school building bonds, series 2006, and affirmed its 'AAA' rating and ICR on the district's outstanding debt. The 'BBB+' ICR is based on the district's: Relatively small and limited economy and tax base; and A high and slowly amortizing debt burden. These factors are somewhat mitigated by: Access to employment opportunities in the northern Austin MSA; and Recent and projected tax base growth. The 'AAA' enhanced rating is based on the strength of the Texas Permanent School Fund guarantee. The district's bonds are secured by unlimited ad valorem taxes. Jarrell Independent School District (estimated population: 4,375)...
Companies mentioned in this report are:
- Jarrell Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
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