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Summary: Bushland Independent School District, Texas; General Obligation; School State Program Oct 11 Product Image

Summary: Bushland Independent School District, Texas; General Obligation; School State Program Oct 11

  • ID: 2025394
  • October 2011
  • Region: Texas
  • Standard & Poors

FEATURED COMPANIES

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

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' program rating and 'A+' school issuer credit rating (ICR) and stable outlook to Bushland Independent School District, Texas' series 2011 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'AAA' program rating and 'A+' ICR, with a stable outlook, on the district's existing GO debt. Standard & Poor's also affirmed its 'A+' underlying rating (SPUR), with a stable outlook, on the district's nonprogram GO debt. The 'AAA' program rating reflects the district's eligibility for, and participation in, the Texas Permanent School Fund bond guarantee program, which provides the security of a permanent fund of assets the district can use to meet debt service on program-guaranteed bonds. The 'A+' rating reflects our opinion...

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

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 finance programs. READ MORE >

- Bushland Indpt Sch Dist
- Texas Perm Sch Fd

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