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Summary: Conroe Indendent School District, Texas; General Obligation; School State Program Feb 11 Product Image

Summary: Conroe Indendent School District, Texas; General Obligation; School State Program Feb 11

  • ID: 1788967
  • February 2011
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' standard-long and enhanced program rating and 'AA' issuer credit rating (ICR) to Conroe Independent School District, Texas' series 2011 unlimited-tax school building bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term rating, underlying rating (SPUR), and ICR on the district's general obligation (GO) debt. We also affirmed our 'AAA' enhanced rating on the district's previously issued GO bonds. The outlook on all ratings is stable. The 'AAA' enhanced program rating reflects the district's eligibility for, and participation in, the Texas Permanent School Fund bond guarantee program, which provides the security of a permanent fund of assets the district can use to meet debt service on bonds guaranteed by the...

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

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Conroe Indpt Sch Dist

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