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Alief Independent School District, Texas; Tax Secured, School State Program Apr 06
Standard & Poors, April 2006
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating, and stable outlook, and 'AA-' issuer credit rating (ICR), and positive outlook, to Alief Independent School District, Texas' series 2006 unlimited-tax GO school building bonds. Simultaneously, Standard & Poor's affirmed its 'AA-' ICR, and positive outlook, on the district's preexisting GO debt. The enhanced program rating reflects the credit enhancement provided by the Texas Permanent School Fund. The ICR reflects the district's: Large, diverse economy that participates in the diverse Houston MSA; Historically strong financial position despite enrollment-driven growth pressures; and Rapid amortization of principal outstanding. A higher rating is precluded by the district's: Below-average market value per capita wealth levels; Historical enrollment-driven growth pressures; and Above-average annual debt...
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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