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 2004A unlimited-tax GO school building and refunding bonds. Standard & Poor's also affirmed its enhanced rating and SPUR on the district's GO debt outstanding. The enhanced rating is based on 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; Good taxing flexibility under the current state operating levy cap of $1.50 per $100 of assessed valuation; and Capital plan, which is not projected to strain the budget despite continuing growth pressures. Given the district's reliance on state...
Companies mentioned in this report are:
- Garland Indpt Sch Dist
Action: New Rating
Action: Outlook: Stable
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