Summary: Jarrell Independent School District, Texas; General Obligation; School State Program Mar 12

Standard & Poors, March 2012

Abstract
Standard & Poor's Ratings Services raised its long-term rating and school issuer credit rating (ICR) on Jarrell Independent School District, Texas' general obligation (GO) debt one notch to 'A+' from 'A'. The outlook is stable. The upgrade reflects our assessment of, what we consider, the district's historically strong finances, which we believe provides the district with additional support in dealing with state funding cuts. Standard & Poor's also assigned its 'AAA' program rating and 'A+' school ICR and stable outlook to the district's series 2012 unlimited-tax GO refunding bonds. Moreover, Standard & Poor's affirmed its 'AAA' program rating, with a stable outlook, on the district's existing GO debt issued under the Texas Permanent School Fund Bond Guarantee Program. The 'AAA'...

Companies mentioned in this report are:
- Jarrell Indpt Sch Dist
- Texas Perm Sch Fd

Action: Affirmed
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.

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.

- Jarrell Indpt Sch Dist
- Texas Perm Sch Fd

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