• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Hays Cons Indpt Sch Dist, TX; Tax Secured, General Obligation; Tax Secured, School State Program Feb 05 Product Image

Summary: Hays Cons Indpt Sch Dist, TX; Tax Secured, General Obligation; Tax Secured, School State Program Feb 05

  • ID: 2025074
  • February 2005
  • Standard & Poors

FEATURED COMPANIES

  • Hays Cons Indpt Sch Dist
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'A' Standard & Poor's underlying rating (SPUR), and stable outlook, to Hays Consolidated Independent School District, Texas' series 2005 unlimited-tax GO school building and refunding bonds. The enhanced rating reflects the Texas permanent school fund guarantee. The SPUR reflects the district's: Location with good transportation access to the greater Austin-San Marcos labor markets; Taxing flexibility, as the district continues to levy below the state cap of $1.50 per $100 of assessed value; Improving financial position; and Rapidly growing and diverse property tax base. These credit strengths are mitigated by the district's: High debt burden, coupled with high debt service carrying charges; and Growth-related capital needs stemming from rapidly increasing...

Companies mentioned in this report are:
- Hays Cons Indpt Sch Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS