Rating On Gregory-Portland Independent School District, TX's Debt Raised To 'A+' On Maintenance Of Strong Reserves Sep 11
- Language: English
- Published: September 2011
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
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Gregory-Portland Indpt Sch Dist