Summary: Mansfield Indpt Sch Dist, TX; General Obligation, Schools State Permanent Fund May 00
- ID: 1784554
- May 2000
- Standard & Poors
The 'AAA' rating on Mansfield Independent School District, Texas' GO bonds is based on the security of the Texas Permanent School Fund guarantee. The upgrade on the district's Standard & Poor's underlying rating (SPUR) is based on: Improved financial performance despite growth pressures, Strong management, and Strong assessed value (AV) growth. The SPUR rating reflects the district's GO pledge. Credit factors include the district's: Location in the rapidly growing Forth Worth economic area, leading to strong tax base growth; High income levels; and Strong financial performance despite growth pressures. The rating is constrained by a high debt burden with considerable future needs. The district is southeast of Fort Worth and includes the northern edge of Arlington, allowing local residents access...
Companies mentioned in this report are:
- Mansfield Indpt Sch Dist
Action: New Rating
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