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

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

  • ID: 1788811
  • March 2010
  • Standard & Poors

Abstract
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

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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