Summary: Tulsa County Independent School District No. 9 (Union Board of Education), Oklahoma; General Obligation Mar 08

Standard & Poors, March 2008

Abstract
Standard & Poor's Ratings Services assigned its 'AA' standard long-term rating, and stable outlook, to Tulsa County Independent School District No. 9 (Union Board of Education), Okla.'s series 2008 combined-purpose general obligation (GO) bonds and affirmed its 'AA' standard long-term rating and Standard & Poor's underlying rating (SPUR), with a stable outlook, on the district's previously issued GO debt. The ratings reflect the district's: Inclusion in the diverse Tulsa, Okla. metropolitan statistical area (MSA) regional economy, coupled with sustained strong district property tax base growth; Above-average wealth and income; Strong financial position and performance; and Low overall debt levels, coupled with a rapid five-year principal amortization schedule. Offsetting rating factors include: State restrictions on the amount of general fund reserves...

Companies mentioned in this report are:
- Tulsa Cnty Indpt Sch Dist No 9
- Tulsa Cnty

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.

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.

- Tulsa Cnty Indpt Sch Dist No 9
- Tulsa Cnty

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