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Summary: Barbers Hill Indpt Sch Dist, TX; Tax Secured, General Obligation; Tax Secured, School State Program Jun 05 Product Image

Summary: Barbers Hill Indpt Sch Dist, TX; Tax Secured, General Obligation; Tax Secured, School State Program Jun 05

  • Published: June 2005
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'A-' Standard & Poor's underlying rating (SPUR), and stable outlook, to Barbers Hill Independent School District, Texas' series 2005 unlimited-tax GO refunding bonds. The enhanced rating reflects the Texas Permanent School Fund guarantee. The SPUR reflects the district's: Participation in the strong Houston MSA economy, which boosts wealth and income levels; and Satisfactory financial position. The SPUR is constrained by the district's: Concentrated property tax base, which is dominated by the petroleum industry; High wealth per student due to the location of large petroleum facilities in the district, which has resulted in the need to transfer local revenues into various state redistribution programs; and High overall debt burden, coupled...

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

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

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- Barbers Hill Indpt Sch Dist

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