ICR Raised To 'AA-' On Hays Consolidated Independent School District, Texas, Due To Very Strong Financial Position Mar 12
- Language: English
- Published: March 2012
- Region: Texas
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: New Rating
Action: Outlook: Stable
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