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Alief Independent School District, Texas; School State Program Jun 09
Standard & Poors, June 2009
Abstract
Standard & Poor's Ratings Services has affirmed its 'AAA' program rating and 'AA' issuer credit rating (ICR) on Alief Independent School District, Texas' general obligation (GO) debt. The ICR reflects the district's: Large, diverse economy that fully participates in the diverse Houston metropolitan statistical area (MSA); Historically strong financial position with very high reserves; Good financial policies and practices per Standard & Poor's Financial Management Assessment (FMA); and Rapid amortization of principal outstanding. Offsetting factors include the district's: Historical enrollment-driven growth pressures that have leveled off over the past few years; and Adequate wealth and income levels. The district's full faith and credit pledge secures the bonds. As Texas' 16th-largest school district, Alief Independent School District serves an estimated population...
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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