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Alief Independent School District, Texas; Tax Secured, School State Program Apr 02
Standard & Poors, April 2002
Abstract
The 'AAA' rating on Alief Independent School District, Texas' unlimited-tax schoolhouse bonds reflects the credit enhancement provided by the Texas Permanent School Fund. The 'AA-' Standard & Poor's underlying rating (SPUR) is based on the district's: Above-average income levels and participation in the diverse Houston MSA, Strong growth in assessed valuation (AV), Moderate growth in enrollment, and Historically strong financial performance despite enrollment growth pressures. These strengths are offset by a high debt burden coupled with ongoing capital needs. Alief Independent School District serves an estimated population of 265,000 in a predominantly urban area encompassing a portion of Houston and outlying areas in southwestern Harris County. The district's local economy has a diverse mix of industrial and commercial development and...
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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