The 'AAA' enhanced rating on Wylie Independent School District (Collin County), Texas' unlimited-tax GO school building bonds is based on the security of the Texas Permanent Fund guarantee. The 'A' Standard & Poor's underlying rating (SPUR) is based on the district's GO pledge and reflects the district's: Location in the rapidly growing Dallas Metroplex, Strong tax base growth, and High income levels. Mitigating factors include: Growth pressures due to rapidly increasing school enrollments, and High overall debt burden with future expected debt issuance. Wylie Independent School District is 24 miles northeast of downtown Dallas, Texas in Collin County. Local residents benefit from access to a wide variety of employment opportunities in Dallas; Richardson, Texas; and Garland, Texas. Unemployment was low...
Companies mentioned in this report are:
- Wylie Indpt Sch Dist (Collin Cnty)
Action: New Rating
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Research Type: Full Analysis