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Summary: Harlingen Consolidated Independent School District, Texas; School State Program Aug 10 Product Image

Summary: Harlingen Consolidated Independent School District, Texas; School State Program Aug 10

  • Published: August 2010
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned it's 'AA-' issuer credit rating (ICR) and 'AAA' enhanced rating to Harlingen Consolidated Independent School District, Texas' series 2010B unlimited tax school building bonds. At the same time, Standard & Poor's affirmed its 'AA-' ICR and 'AAA' enhanced rating on the district's parity general obligation (GO) bonds. The outlook on all ratings is stable. The enhanced rating reflects, what we consider, the strength and liquidity of the Texas Permanent School Fund. The ICR reflects our view of the district's: Expanding property tax base, which benefits from a regional trade and service economy and has experienced steady growth; Continued very strong financial performance; and Moderate overall net debt burden. These credit factors, in our view,...

Companies mentioned in this report are: Harlingen Cons Indpt Sch Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Harlingen Cons Indpt Sch Dist

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