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'AA-' ICR Assigned To Cypress-Fairbanks Independent School District, TX's Nearly $113.8 Million School Refunding Bonds Feb 12
Standard & Poors, Feb 2012
Abstract
DALLAS (Standard & Poor's) Feb. 8, 2012-- 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' approximately $113.8 million series 2012 unlimited-tax school building and 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, Standard & Poor's affirmed its 'AAA' program rating on certain series of the district's GO debt. The outlook on all ratings is stable. 'The rating reflects our view of the district's historically strong financial position and reserves as well as its proximity and access to the strong Houston metropolitan statistical area,' said Standard &...
Companies mentioned in this report are: Cypress-Fairbanks 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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