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Alief Independent School District, Texas; Tax Secured, School State Program Feb 03
Standard & Poors, Feb 2003
Abstract
The 'AAA' enhanced rating on Alief Independent School District, Texas' unlimited-tax GO refunding bonds reflects the credit enhancement provided by the Texas Permanent School Fund. The 'AA-' Standard & Poor's underlying rating (SPUR) reflects the district's: Above-average income levels, Participation in the diverse Houston MSA, Sustained strong tax base growth, and Strong financial performance and position despite enrollment growth pressures. A high overall debt burden, coupled with ongoing enrollment-driven capital needs, is an offsetting credit factor. Alief Independent School District serves an estimated population of 267,758 in a predominantly urban area that encompasses a portion of Houston, Texas and outlying areas in southwestern Harris County. The district's local economy has a diverse mix of industrial and commercial development and benefits...
Companies mentioned in this report are: Alief 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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