- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Jim Hogg County Independent School District, Texas; School State Program May 11
- Published: May 2011
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'A' issuer credit rating (ICR) and 'AAA' enhanced program rating on Jim Hogg County Independent School District, Texas' existing general obligation debt. The outlook is stable. The 'AAA' enhanced rating reflects the security of the Texas Permanent School Fund guarantee. The 'A' ICR reflects our view of the district's: Good, albeit recently fluctuating, financial position; Historically stable student enrollment; and Low overall net debt burden, coupled with a rapid debt amortization schedule. The preceding credit strengths are offset in part by our view of the district's: Somewhat limited local economy, and Moderately concentrated tax base, dominated primarily by participants in the oil and gas sectors. Following a significant drawdown on its general fund...
Companies mentioned in this report are: Jim Hogg Cnty Indpt Sch Dist
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 >
Jim Hogg Cnty Indpt Sch Dist