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Summary: Barbers Hill Indpt Sch Dist, TX; Tax Secured, School State Program Jan 03 Product Image

Summary: Barbers Hill Indpt Sch Dist, TX; Tax Secured, School State Program Jan 03

  • Published: January 2003
  • Standard & Poors

Abstract
The 'AAA' enhanced rating on Barbers Hill Independent School District, Texas' unlimited-tax schoolhouse and refunding bonds reflects the guarantee of the Texas Permanent School Fund. The 'A-' Standard & Poor's underlying rating (SPUR) reflects the district's: Concentrated tax base, which is dominated by the petroleum industry; High wealth per student due to the petroleum plants, which has resulted in the need to transfer local revenues to various state redistribution programs; Satisfactory financial performance; and Moderate debt burden with a slow amortization schedule. An unlimited ad valorem property tax pledge secures the bonds, which will be used to finance the construction of new classroom facilities. Barbers Hill Independent School District is about 28 miles east of downtown Houston, Texas. The district's...

Companies mentioned in this report are:
- Barbers Hill Indpt Sch Dist
- Texas Perm Sch Fd

Action: New Rating

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- Barbers Hill Indpt Sch Dist
- Texas Perm Sch Fd

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