Summary: Barbers Hill Independent School District, Texas; General Obligation; School State Program Dec 11
- Language: English
- Published: December 2011
- Region: Texas
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: New Rating
Action: Outlook: Stable
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 >