Harlingen Consolidated Independent School District, TX ICR Raised To 'AA-' On Very Strong Financial Position Dec 09

  • ID: 1828995
  • December 2009
  • Standard & Poors
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DALLAS (Standard & Poor's) Dec. 2, 2009--Standard & Poor's Ratings Services raised its issuer credit rating (ICR) one notch to 'AA-' from 'A+' on Harlingen Consolidated Independent School District, Texas. At the same time, Standard & Poor's affirmed its 'AAA' enhanced rating on the district's outstanding general obligation (GO) bonds. The outlook on all ratings is stable. "The raised rating is based on the district's historically very strong financial position," said Standard & Poor's credit analyst Lauren Spalten. The enhanced rating reflects what we consider the strength and liquidity of the Texas Permanent School Fund. We believe Harlingen Consolidated Independent School District's financial position is very strong. The district has achieved general fund surpluses after transfers in seven of the...

Companies mentioned in this report are:
- Harlingen Cons Indpt Sch Dist

Action: Affirmed
Action: Outlook: Stable
Action: Upgraded

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Research type: News
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- Harlingen Cons Indpt Sch Dist

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