Summary: Gregory-Portland Independent School District, Texas; School State Program Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services raised its school issuer credit rating (ICR) on Gregory-Portland Independent School District, Texas' existing debt to 'A+' from 'A-' based on the district's ability to maintain very strong reserve levels following the successful passage of a tax rollback election. At the same time, we affirmed the 'AAA' enhanced rating on the district's unlimited-tax GO bonds. The outlook on all ratings is stable. The enhanced rating reflects the strength of the Texas permanent school fund guaranty. The ICR reflects our opinion of the district's: Positive enrollment trends due to continued economic development following the closing of Naval Station Ingleside pursuant to the Base Realignment and Closure Commission (BRAC), Strong Income levels. and Historically very strong reserve...

Companies mentioned in this report are: Gregory-Portland Indpt Sch Dist
Action: Affirmed
Action: Upgraded

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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.

Gregory-Portland Indpt Sch Dist

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