Lewisville Independent School District, Texas; General Obligation; School State Program Dec 06

Standard & Poors, December 2006

Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Lewisville Independent School District, Texas' series 2007 unlimited-tax GO school building and refunding bonds. The rating reflects the district's: Sizable, diverse property tax base; Desirable location in the greater Dallas-Fort Worth MSA; Stable enrollment history; and Solid financial performance. The district's slightly above-average debt profile offsets, in part, these strengths. The district's full faith and credit pledge and an unlimited debt service tax rate pledge secure the bonds. The 130-square-mile Lewisville Independent School District serves portions of 12 different municipalities in the northern Dallas-Fort Worth MSA; and it has experienced steady property tax base, population, and student enrollment growth over the past 10 years. The district's assessed...

Companies mentioned in this report are:
- Lewisville Indpt Sch Dist

Action: New Rating

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Research Type: Full Analysis

- Lewisville Indpt Sch Dist

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