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Summary: Lubbock Indpt Sch Dist, TX; General Obligation, School District Permanent Fund Nov 98 Product Image

Summary: Lubbock Indpt Sch Dist, TX; General Obligation, School District Permanent Fund Nov 98

  • ID: 2084533
  • November 1998
  • Standard & Poors

Abstract
The 'AAA' rating on Lubbock Independent School District, Texas' bonds is based on the Texas Permanent School Fund Guarantee. Credit factors supporting the underlying rating of 'AA' include: * A diverse economic base, * A sound financial position, and * A low debt burden. The district serves more than 90% of the city of Lubbock, which is located in the Texas Panhandle and is the regional center for a 150-mile radius. The city economy is diversified in education, health services, retail, manufacturing, and government, while the regional base remains strong in agriculture and agribusinessespecially cotton, grains, sorghum, and livestock. The regional health services sector is anchored by Methodist Hospital (2,900 employees), and St. Mary's Hospital (2,180 employees). Texas Tech University,...

Companies mentioned in this report are:
- Lubbock Indpt Sch Dist

Action: New Rating

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