McKinney Independent School District, Texas; General Obligation; School State Program Jun 11

Standard & Poors, June 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced long-term rating and 'AA' issuer credit rating (ICR) to McKinney Independent School District, Texas' series 2011 unlimited tax refunding bonds. At the same time, Standard & Poor's affirmed its 'AAA' enhanced rating, 'AA' ICR, and 'AA' long-term rating on the district's existing general obligation (GO) debt. The outlook on all bonds is stable. The 'AAA' enhanced program rating reflects our view of the guarantee of the Texas Permanent School Fund. The 'AA' ratings reflect our view of the district's: Access to the diverse Dallas-Fort Worth metropolitan statistical area; Consistent assessed value (AV) growth, spurred by residential and commercial development; and Strong general fund reserves. Offsetting factors include our view of the...

Companies mentioned in this report are:
- McKinney 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

- McKinney Indpt Sch Dist

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