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Summary: Mansfield Indpt Sch Dist, TX; Tax Secured, School State Program Jun 03 Product Image

Summary: Mansfield Indpt Sch Dist, TX; Tax Secured, School State Program Jun 03

  • ID: 1784620
  • June 2003
  • Standard & Poors

FEATURED COMPANIES

  • Mansfield Indpt Sch Dist
  • Texas Perm Sch Fd
  • MORE

Abstract
The 'AAA' enhanced rating on Mansfield Independent School District, Texas' $73.075 million series 2003 unlimited-tax school building and refunding bonds is based on the security of the Texas Permanent School Fund guarantee. The 'A+' Standard & Poor's underlying rating (SPUR) reflects the district's: Location in the rapidly growing Dallas-Fort Worth MSA economic area, leading to strong tax base growth; Above-average income levels; and Strong financial performance despite growth pressures. Mitigating credit factors include the district's: Rapidly increasing student enrollment; and Capital needs, which will further pressure an already high debt burden. The district's GO pledge secures the bonds. Mansfield Independent School District, with a population of 81,222, is southeast of Fort Worth, Texas and includes the northern edge of Arlington,...

Companies mentioned in this report are:
- Mansfield Indpt Sch Dist
- Texas Perm Sch Fd

Action: New Rating

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- Mansfield Indpt Sch Dist
- Texas Perm Sch Fd

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