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'AA' ICR Assigned To Conroe Independent School District, TX's Nearly $154 Million School Building And Refunding Bonds Feb 12
Standard & Poors, Feb 2012
Abstract
DALLAS (Standard & Poor's) Feb. 3, 2012-- Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'AA' issuer credit rating (ICR) to Conroe Independent School District, Texas' approximately $154 million series 2012 unlimited-tax school building and refunding bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term rating, underlying rating (SPUR), and ICR on the district's general obligation (GO) debt. Standard & Poor's also affirmed its 'AAA' enhanced rating on the district's GO bonds outstanding. The outlook on all ratings is stable. 'The 'AA' rating reflects our opinion of the district's very strong financial position, coupled with strong reserve levels,' said Standard & Poor's credit analyst Sarah Smaardyk. 'Further supporting the rating is the district's...
Companies mentioned in this report are: Conroe Indpt Sch Dist
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. 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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