Miller Grove Independent School District, TX GO Debt ICR Raised To 'A' From 'A-' On Strong Financial Reserves Jun 11
- Language: English
- Published: June 2011
The 'AAA' rating on Miller Grove Independent School District, Texas' series 2002 GO bonds is based on the security of the Texas Permanent School Fund guarantee. The 'BBB' Standard & Poor's underlying rating (SPUR) on the district's series 2000 parity GO debt reflects the full faith and credit pledge of the district. Credit factors include: A small and rural tax base; and A limited economy, with below-average income levels. Credit factors offsetting these weaknesses include: The district's satisfactory financial performance; and Manageable debt levels after accounting for instructional facilities allotment state aid. Miller Grove Independent School District is a rural school district in the southwestern part of Hopkins County. The local economy is primarily based on agriculture, particularly cattle and...
Companies mentioned in this report are: Miller Grove Indpt Sch Dist
Action: New Rating
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Miller Grove Indpt Sch Dist