Summary: Mansfield Independent School District, Texas; General Obligation; School State Program May 10
Standard & Poors, May 2010
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'AA' school issuer credit rating (ICR), and stable outlook, to Mansfield Independent School District, Texas' series 2010 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'AAA' enhanced program rating and 'AA' long-term rating and 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 the district can use to meet debt service on program-guaranteed bonds. The 'AA' rating reflects our opinion of the district's: Inclusion in the diverse and expanding Dallas-Fort Worth metropolitan statistical area, leading...
Companies mentioned in this report are:
- Mansfield Indpt Sch Dist
- Texas Perm Sch Fd
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Mansfield Indpt Sch Dist
- Texas Perm Sch Fd
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