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Belton Indep Sch Dist,TX Bnds Rtd AAA by S&P Apr 98
Standard & Poors, April 1998
Abstract
NY -- Standard & Poor's CreditWire 4/15/98 -- Standard & Poor's today assigned its triple-'A' rating to Belton Independent School District, Texas' unlimited tax school building and refunding bonds series 1998 due August 15, 2018. In addition, Standard & Poor's affirmed its triple-'A' rating to Belton Independent School District's outstanding unlimited tax bonds series 1991-1993, 1996, and 1997. The single-'A' rating on the outstanding unenhanced bonds is also affirmed. The triple-'A' rating reflects the credit enhancement provided by the Texas Permanent School Fund. The Permanent Fund, under article VII, section 5 of the constitution, permits the use of its endowment to ensure bondholders of timely debt service payments. In the event of a potential default, the school district must notify...
Companies mentioned in this report are: Belton Indpt Sch Dist
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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