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Alief Independent School District, TX Growing Economy, Strong Finances Push GO Rating To 'AA' May 07
Standard & Poors, May 2007
Abstract
NEW YORK (Standard & Poor's) May 9, 2007--Standard & Poor's Ratings Services raised its issuer credit rating (ICR) on Alief Independent School District, Texas' GO debt one notch to 'AA' from 'AA-' based on the district's continued economic growth, good financial management, and strong fiscal performance, allowing management to build and sustain very high reserves. The outlook is stable. Simultaneously, the rating service assigned its 'AAA' program rating and 'AA' ICR, and stable outlook, to the district's $41.229 million series 2007 unlimited-tax GO school building and refunding bonds. Standard & Poor's also affirmed its 'AAA' program rating, with a stable outlook, on the district's preexisting GO debt. The program rating reflects the credit enhancement provided by the Texas Permanent School...
Companies mentioned in this report are: Alief Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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