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Belton Independent School District, Texas; Tax Secured, School State Program Apr 04
Standard & Poors, April 2004
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced rating and 'A' Standard & Poor's underlying rating (SPUR), and stable outlook, to Belton Independent School District, Texas' series 2004 unlimited-tax GO school building and refunding bonds. The enhanced rating is based on the Texas Permanent School Fund guarantee. The SPUR reflects the district's: Stable regional service and trade economy, Rapidly expanding property tax base, and Sound financial position despite a state-imposed tax cap for operations. Offsetting factors include the district's: Operating pressures related to a growing student enrollment and the Texas school finance system, High overall debt burden with modest future debt plans, and Slightly below-average wealth and income levels. The district's GO pledge secures the bonds. Belton Independent School...
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: Full Analysis
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