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Belton Independent School District, TX's ICR Raised To 'AA-' On Very Strong Financial Position Feb 10
Standard & Poors, Feb 2010
Abstract
Standard & Poor's Ratings Services raised its issuer credit rating (ICR) to 'AA-' from 'A' on Belton Independent School District, Texas's existing general obligation (GO) debt. At the same time, Standard & Poor's assigned its 'AA-' long-term rating to the district's series 2010 unlimited tax school building bonds. Finally, Standard & Poor's affirmed its 'AAA' rating on the district's existing GO debt. The outlook is stable. 'The raised rating reflects the district's historically very strong financial position,' said Standard & Poor's credit analyst Brian Marshall. 'Further supporting the rating is the district's participation in the Temple region's economy and its diverse tax base, which has seen a healthy expansion.' Proceeds from the series 2010 bonds will be used to construct...
Companies mentioned in this report are: Belton Indpt Sch Dist
Action: Affirmed
Action: New Rating
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 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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