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Prosper Independent School District, TX's Unltd-Tax Sch Bldg & Rfdg Bonds Ser 2002 Rated 'AAA' Feb 02

Description:
Abstract
DALLAS (Standard & Poor's) Feb. 4, 2002Standard & Poor's today assigned its triple-'A' rating and triple-'B' underlying rating (SPUR) to Prosper Independent School District, Texas' $8.193 million unlimited-tax school building and refunding bonds series 2002 due Aug. 15, 2028. The bonds are scheduled to sell Feb. 14, 2002. The outlook is stable. The SPUR outlook is positive. In addition, Standard & Poor's affirmed its triple-'A' rating on the district's outstanding GO bonds. The triple-'A' rating reflects the guaranty provided by the Texas Permanent School Fund. The triple-'B' SPUR rating is based on the full faith and credit pledge of the district and reflects: -- A limited, but gradually expanding, local economic base; -- High debt levels coupled with an above-average...

Companies mentioned in this report are:
- Prosper 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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
 
Companies Mentioned
- Prosper Indpt Sch Dist
 
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