ICR Raised To 'AA-' On Hays Consolidated Independent School District, Texas, Due To Very Strong Financial Position Mar 12

Standard & Poors, March 2012

Abstract
DALLAS (Standard & Poor's) March 15, 2012-- Standard & Poor's Ratings Services raised its issuer credit rating (ICR) to 'AA-' from 'A+' on Hays Consolidated Independent School District, Texas. At the same time, Standard & Poor's assigned its 'AAA' enhanced program rating and 'AA-' ICR the district's series 2012 unlimited tax refunding bonds. Finally, Standard & Poor's affirmed its 'AAA' enhanced program rating on the district's existing general obligation (GO) debt. The outlook on all ratings is stable. "The raised rating reflects our view of the district's continued economic growth and expansion, as well as its practice of conservative budgeting, which has led to the maintenance of a very strong financial position," said Standard & Poor's credit analyst Kate Choban....

Companies mentioned in this report are:
- Hays Cons Indpt Sch Dist

Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Hays Cons Indpt Sch Dist

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