U.S. Public Finance Report Card: Texas School Districts' Resilience Will Be Tested By Increasing Challenges Apr 13
- Language: English
- Published: April 2013
- Region: Texas, United States
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
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Miller Grove Indpt Sch Dist