Summary: Barbers Hill Indpt Sch Dist, TX; Tax Secured, School State Program Jan 03
- ID: 1788927
- January 2003
- Standard & Poors
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
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >