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Barbers Hill Independent School District, Texas; General Obligation; School State Program
Standard & Poors, May 2007
Abstract
Standard & Poor's Ratings Services revised its underlying rating (SPUR) and school issuer credit rating (SPUR) outlooks on Barbers Hill Independent School District, Texas' GO debt to positive from stable based on the district's continued positive financial performance despite enrollment growth pressures and state-mandated wealth transfers. At the same time, Standard & Poor's assigned its 'A-' rating to the district's new unlimited-tax schoolhouse bonds series 2007. Standard & Poor's also affirmed its 'AAA' enhanced rating and 'A-' SPUR and ICR on the district's GO debt. The 'AAA' enhanced rating is based on the guarantee provided by the Texas Permanent School Fund. The 'A-' rating reflects the district's: Participation in the strong Houston MSA economy, which boosts wealth and income levels;...
Companies mentioned in this report are: Barbers Hill Indpt Sch Dist
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.
Research Type: Full Analysis
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