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Summary: Cypress-Fairbanks Independent School District, Texas; General Obligation; School State Program Oct 11 Product Image

Summary: Cypress-Fairbanks Independent School District, Texas; General Obligation; School State Program Oct 11

  • Published: October 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'AA-' issuer credit rating (ICR) to Cypress-Fairbanks Independent School District (ISD), Texas' series 2011 unlimited-tax refunding bonds. At the same time, Standard & Poor's affirmed its 'AA-' ICR and long-term rating on the district's existing general obligation (GO) debt. In addition, we affirmed our 'AAA' program rating on certain series of the district's GO debt. The outlook on all ratings is stable. The program 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 debt service on program-guaranteed bonds. In our view, the ICR reflects...

Companies mentioned in this report are:
- Cypress-Fairbanks Indpt Sch Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Cypress-Fairbanks Indpt Sch Dist

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