Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'AA' issuer credit rating (ICR) to Garland Independent School District, Texas' series 2011 unlimited-tax school building bonds. In addition, Standard & Poor's affirmed its 'AAA' program rating and 'AA' long-term rating and ICR on the district's general obligation (GO) debt outstanding. The outlook is stable. The 'AAA' enhanced program rating reflects our view of the district's eligibility for, and participation in, the Texas Permanent School Fund bond guarantee program, which provides the security of a permanent fund of assets that the district can use to meet debt service on bonds guaranteed by the program. The 'AA' rating reflects our opinion of the district's: Deep, diversified economic and employment base,...
Companies mentioned in this report are:
- Garland Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
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