- Language: English
- Published: April 2012
- Region: Texas
San Benito Consolidated Independent School District, Texas; Tax Secured, School State Program Sep 04
- ID: 2023981
- September 2004
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services raised its Standard & Poor's underlying rating (SPUR) on San Benito Consolidated Independent School District, Texas' GO bonds outstanding one notch to 'A-' from 'BBB+' based on the continued expansion of the district's assessed valuation (AV) growth, steady student enrollment, and continued strong financial position. Standard & Poor's also assigned its 'AAA' enhanced rating and 'A-' SPUR, and stable outlook, to the district's $36.905 million series 2004 unlimited-tax GO school building bonds. The enhanced rating is based on the security of the Texas Permanent School Fund guarantee. Factors that support the rating include the district's: Significant revenue-raising flexibility because it currently operates well below the state-mandated cap for its operating and maintenance property tax rate,...
Companies mentioned in this report are:
- San Benito Cons Indpt Sch Dist
Action: New Rating
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.
Research Type: Full Analysis