Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Mansfield Independent School District, Texas' series 2009 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'AAA' enhanced program rating and 'AA' issuer credit rating (ICR), with a stable outlook, on the district's existing GO debt. The 'AAA' 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 can be used to meet debt service on program-guaranteed bonds. The 'AA' rating reflects our opinion of the district's: Location in the rapidly growing Dallas-Fort Worth metropolitan statistical area (MSA), leading to strong property tax base growth; Income levels that...
Companies mentioned in this report are:
- Mansfield Indpt Sch Dist
- Texas Perm Sch Fd
Action: New Rating
Action: Outlook: Stable
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