Summary: Goose Creek Cons Indpt Sch Dist, TX; Tax Secured, School State Program May 05

Standard & Poors, May 2005

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'A+' underlying rating (SPUR) to Goose Creek Consolidated Independent School District, Texas' series 2005 unlimited-tax GO refunding and schoolhouse bonds. The outlook is stable. The enhanced rating is based on the Texas Permanent School Fund guarantee. The SPUR reflects the district's: Access to the Houston MSA, Sizable property tax base with steady growth, Stable student enrollment trends, and Good finances with strong reserves. Offsetting credit factors include the district's: High overall debt burden, and Heavily concentrated property tax base in oil and gas production. The district's full faith and credit pledge is based on the ad valorem tax levied against all taxable property within the school district. The 99-square-mile...

Companies mentioned in this report are: Goose Creek Cons Indpt Sch Dist
Action: Affirmed
Action: New Rating

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Goose Creek Cons Indpt Sch Dist

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