Summary: Conroe Independent School District, Texas; General Obligation; School State Program May 11

  • ID: 1785059
  • May 2011
  • Region: Texas
  • Standard & Poors
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Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'AA' issuer credit rating (ICR) to Conroe Independent School District, Texas' series 2011 unlimited-tax refunding bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term rating, underlying rating (SPUR), and ICR on the district's general obligation (GO) debt. We also affirmed our 'AAA' enhanced rating on the district's outstanding GO bonds. The outlook on all ratings is stable. The 'AAA' enhanced 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 bonds guaranteed by the program. The 'AA' rating...

Companies mentioned in this report are:
- Conroe Indpt Sch Dist

Action: Affirmed
Action: New Rating

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- Conroe Indpt Sch Dist

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