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Alief Independent School District, Texas; General Obligation, Schools State Permanent Fund Oct 99
Standard & Poors, Oct 1999
Abstract
The 'AAA' rating on Alief Independent School District, Texas' bonds is based on the Texas Permanent School Fund Guaranty Program. The Standard & Poor's underlying rating (SPUR) is based on the full faith and credit GO pledge of the district. The rating reflects: The district's participation in the broad Houston area economy, Historically sound financial performance, and A high overall debt burden coupled with enrollment-driven future capital needs. Alief Independent School District is located in southwest Harris County and includes a portion of the city of Houston in addition to outlying areas. Residents have easy access to the diverse employment opportunities throughout the Houston area. Income levels in Houston are above the national average at 106%. Recent growth in the...
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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