Keller ISD, TX's Ongoing Significant Economic Development Lifts Rating To 'A+' Jan 07
- ID: 1784743
- January 2007
- Standard & Poors
DALLAS (Standard & Poor's) Jan. 23, 2007--Standard & Poor's Ratings Services raised its Issuer Credit Rating (ICR) one notch to 'A+' from 'A' on Keller Independent School District (ISD), Texas' GO debt based on the district's ongoing significant economic development. The outlook remains stable. In addition, the rating service assigned its 'A+' ICR, and stable outlook, to the district's $142.25 million series 2007 unlimited-tax GO school building bonds. The ICR reflects the district's access to the Dallas-Fort Worth metropolitan area, above-average income and wealth levels, and strong financial position. "The district's high direct and overall net debt burden and slow debt amortization are factors that will likely limit the rating's further upward movement," said Standard & Poor's credit analyst James...
Companies mentioned in this report are:
- Keller Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
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