Conroe Independent School District, Texas; Tax Secured, School State Program Nov 04
- ID: 1788875
- November 2004
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'A' Standard & Poor's underlying rating (SPUR), and stable outlook, to Conroe Independent School District, Texas' series 2004A unlimited-tax GO schoolhouse bonds, series 2004B unlimited-tax adjustable-rate current interest refunding bonds, and series 2004B unlimited-tax capital appreciation refunding bonds. Standard & Poor's does not rate the liquidity agreement that supports the adjustable-rate bonds. In addition, Standard & Poor's affirmed its 'AAA' enhanced rating and 'A' SPUR on the district's GO debt outstanding. The enhanced rating reflects the security provided by the Texas permanent school fund. The SPUR reflects the district's: Inclusion in the Houston MSA economy and labor market, helping to spur good property tax base growth; Stable financial position,...
Companies mentioned in this report are:
- Conroe Indpt Sch Dist
Action: New Rating
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Research Type: Full Analysis