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Barbers Hill Independent School District, TX Rating On GO Debt Raised To 'AA-'; Outlook Revised To Stable
Standard & Poors, Aug 2009
Abstract
DALLAS (Standard & Poor's) Aug. 4, 2009--Standard & Poor's Ratings Services raised its underlying rating (SPUR) and issuer credit rating on Barbers Hill Independent School District, Texas' general obligation (GO) debt to 'AA-' from 'A-' based on our view of the district's continued positive financial performance, despite enrollment growth pressures and state-mandated wealth transfers. In addition, Standard & Poor's revised its outlook on the district's GO debt to stable from positive. At the same time, Standard & Poor's affirmed its 'AAA' program rating on the district's GO debt. The 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 that can be...
Companies mentioned in this report are: Barbers Hill Indpt Sch Dist,Texas Perm Sch Fd
Action: Affirmed
Action: Outlook: Stable
Action: Upgraded
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.
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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