Summary: Denton Independent School District, Texas; General Obligation; School State Program Oct 10

Standard & Poors, October 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'AA' issuer credit rating (ICR) to Denton Independent School District, Texas' series 2010 unlimited-tax refunding bonds. At the same time, Standard & Poor's affirmed its 'AAA' enhanced program rating and 'AA' ICR on the district's pre-existing general obligation (GO) debt. The outlook on all the bonds is stable. The 'AAA' program rating reflects our view of the Texas Permanent School Fund guarantee's strength. The 'AA' ICR reflects our view of the district's: Participation in the broad and diverse north-central Texas economy; Continued expansion and diversification in the local property tax base, which in our opinion provide the district with flexibility to address the increasing operating demands and capital...

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

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Denton Indpt Sch Dist

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