• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Bushland Independent School District, Texas; General Obligation; School State Program Sep 09 Product Image

Summary: Bushland Independent School District, Texas; General Obligation; School State Program Sep 09

  • Published: September 2009
  • Region: Texas
  • Standard & Poors

FEATURED COMPANIES

  • Bushland Indpt Sch Dist
  • Texas Perm Sch Fd
  • MORE

Abstract
Standard & Poor's Ratings Services raised its issuer credit rating (ICR) on Bushland Independent School District, Texas general obligation (GO) debt three notches to 'A+' from 'BBB+' based on the district's maintenance of strong financial reserves and continued property tax base expansion. The outlook is stable. Standard & Poor's also assigned its 'A+' long-term rating, and stable outlook, to the district's series 2009 unlimited-tax GO school building bonds. In addition, Standard & Poor's affirmed its 'AAA' program rating, with a stable outlook, on the district's GO debt. The 'AAA' program rating reflects the Texas Permanent School Fund guarantee. The upgrade also reflects our view of the reduced significance that size has on credit quality. The 'A+' ratings reflect our opinion...

Companies mentioned in this report are:
- Bushland Indpt Sch Dist
- Texas Perm Sch Fd

Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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

- Bushland Indpt Sch Dist
- Texas Perm Sch Fd

Note: Product cover images may vary from those shown

RELATED PRODUCTS