The 'AAA' enhanced rating on Alief Independent School District, Texas' unlimited-tax schoolhouse bonds reflects the credit enhancement provided by the Texas Permanent School Fund. The 'AA-' Standard & Poor's underlying rating (SPUR) reflects the district's: Participation in the diverse Houston MSA, Sustained strong tax base growth over the past five years, and Historically strong financial position despite enrollment-driven growth pressures. A higher rating is precluded by below-average market value per capita levels and ongoing enrollment-driven growth pressures, coupled with moderate to high debt, offset somewhat by state aid for annual debt service. The district's full faith and credit pledge secures the bonds. Alief Independent School District serves an estimated population of 265,000 in a predominantly urban area, which encompasses a...
Companies mentioned in this report are:
- Alief Indpt Sch Dist
- Texas Perm Sch Fd
Action: New Rating
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