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

Standard & Poors, November 1998

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 agribusiness-especially 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

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Lubbock Indpt Sch Dist

Customers who bought this item also bought

• Higher Education Interlibrary Loan Management Benchmarks, 2013 Edition
• Colleges & Universities
• Charter Schools - Global Outlook
• Best Practices in Student & Faculty Assessment, 2012 Edition
• College and Career Ready. Helping All Students Succeed Beyond High School
• The Survey of Library Public Relations Practices
• CHILDWISE Monitor Report 2012-13 - Careers and Education
• Making a Collection Count: A Holistic Approach to Library Collection Management
• Government Investment Pools Report
• Linking Leadership to Student Learning