Summary: Reagan County Independent School District, Texas; School State Program Jan 12
- ID: 2048137
- January 2012
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AAA' rating to Reagan County Independent School District, Texas' series 2012 unlimited-tax refunding bonds and affirmed its 'AAA' rating on the district's existing bonds. The outlook is stable. The 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 that can be used to meet the debt service on bonds guaranteed by the program. The rating on the program is based on the fund's large, high-quality, and liquid assets; adequate asset-to-guaranteed debt ratio and strong legal provisions that limit the maximum amount of school district debt; and sound program operations, including very good underlying credit...
Companies mentioned in this report are: Reagan Cnty Indpt Sch Dist,Texas Perm Sch Fd
Action: New Rating
Action: Outlook: Stable
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