Standard & Poor's Ratings Services assigned its 'AAA' program rating and 'A' school issuer credit rating (ICR) and stable outlook to San Benito Consolidated Independent School District, Texas' series 2011 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'AAA' program rating and 'A' ICR, with a stable outlook, on the district's existing GO debt. The 'AAA' program rating reflects the credit strength and liquidity of the Texas Permanent School Fund program. The ICR reflects our opinion of the district's: Continuing property tax base expansion, Very strong finances, and Receipt of strong state support for operations and debt service. We believe these strengths are somewhat weakened by the district's: Low wealth and adequate income, and Moderately high debt. An ad...
Companies mentioned in this report are:
- San Benito Cons Indpt Sch Dist
- Texas Perm Sch Fd
Action: New Rating
Action: Outlook: Stable
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