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Conroe Independent School District, TX's Series 2010 Bonds Assigned 'AA' ICR And 'AAA' Enhanced Rating Mar 10

  • ID: 1788811
  • March 2010
  • Standard & Poors
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DALLAS (Standard & Poor's) March 1, 2010--Standard & Poor's Ratings Services assigned its 'AA' issuer credit rating (ICR) and 'AAA' long-term enhanced rating to Conroe Independent School District, Texas' series 2010 unlimited-tax school building bonds. At the same time, Standard & Poor's affirmed its 'AA' ICR and Standard & Poor's underlying rating (SPUR) on the district's outstanding general obligation (GO) bonds, as well as its 'AAA' enhanced rating on the existing parity debt. The outlook on all ratings is stable. "The ICR reflects the district's strong wealth and very strong income levels, combined with a very strong financial position," said Standard & Poor's credit analyst Jennifer Garza. The 'AAA' enhanced rating reflects the security of the Texas Permanent School Fund...

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

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.

Research type: News
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- Conroe Indpt Sch Dist

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