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Alief Independent School District, Texas; Tax Secured, School State Program Apr 01
Standard & Poors, April 2001
Abstract
The 'AAA' rating on Alief Independent School District, Texas' bonds reflects the Texas permanent school fund guaranty. The upgrade on Standard & Poor's underlying rating (SPUR) reflects a rapid tax base growth in tandem with slowing enrollment, which has eased capital needs. Additional credit characteristics include: The district's participation in the diverse Houston area economy, A historically sound financial performance, and Above-average wealth levels. These credit strengths are mitigated by a high overall debt burden, which is due primarily to overlapping debt from Harris County and Houston. The security for the underlying rating is based on the full faith and credit of the district. Alief Independent School District is in southwest Harris County and includes a significant portion of Houston...
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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