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Summary: Tulsa Cnty Indpt Sch Dist #9 , OK; Tax Secured, General Obligation Mar 02

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Abstract
The 'AA' rating on Tulsa County Independent School District No. 9 (Union Board of Education), Okla.'s building bonds is based on the district's full faith and credit pledge. The rating reflects the district's: Diverse regional economy with sustained strong district tax base growth; Above-average wealth and income levels; Strong financial performance despite state restrictions on reserve levels; and Low overall debt levels, coupled with rapid five-year principal amortization and manageable future capital needs. The district serves suburban southeastern Tulsa, Okla. and a portion of Broken Arrow, Okla. Once dominated by the oil and gas industry, the Tulsa regional economy is diversified in health and business services, retail and wholesale trade, higher education, and aerospace industries. The district itself contains the...

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

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.
 
Companies Mentioned
- Tulsa Cnty Indpt Sch Dist No 9
 
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