Garland Independent School District, Texas; Tax Secured, General Obligation; Tax Secured, School State Program Jun 05

Standard & Poors, June 2005

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'AA' Standard & Poor's underlying rating (SPUR), and stable outlook, to Garland Independent School District, Texas' series 2005 unlimited-tax GO school building and refunding bonds. Standard & Poor's also affirmed its 'AA' standard long-term rating and SPUR on the district's GO debt outstanding. The enhanced rating reflects the district's qualification for the Texas Permanent School Fund guarantee. The SPUR continues to reflect the district's: Participation in the Dallas-Fort Worth MSA, boosting wealth and income levels; Sound taxing flexibility under the current state operating levy cap of $1.50 per $100 of assessed valuation (AV); and Capital plan, which is not projected to strain the budget despite continuing growth pressures and...

Companies mentioned in this report are: Garland Indpt Sch Dist
Action: New Rating

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Research Type: Full Analysis

Garland Indpt Sch Dist

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