Summary: Aldine Independent School District Public Facility Corp., Texas Aldine Independent School District; Appropriations; School State Program Nov 11

Standard & Poors, November 2011

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating and stable outlook to Aldine Independent School District Public Facility Corp., Texas' series 2011 school facility lease revenue refunding bonds, supported by Aldine Independent School District, and affirmed its 'A+' underlying rating (SPUR), with a stable outlook, on the corporation's existing lease revenue debt, supported by the city. Standard & Poor's also affirmed its 'AAA' program rating and 'AA-' school issuer credit rating (ICR), with a stable outlook, on the district's general obligation (GO) debt. The 'AAA' program rating reflects the district's eligibility for, and participation in, the Texas Permanent School Fund bond guarantee program, which provides the security of a permanent fund of assets the district can use to...

Companies mentioned in this report are: Aldine Indpt Sch Dist,Texas Perm Sch Fd,Aldine Indpt Sch Dist Pub Fac Corp
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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.

Aldine Indpt Sch Dist,Texas Perm Sch Fd,Aldine Indpt Sch Dist Pub Fac Corp

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