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Summary: Little Elm Independent School District, Texas; General Obligation; School State Program Oct 10
Standard & Poors, October 2010
Standard & Poor's Ratings Services raised its issuer credit rating (ICR) and underlying rating (SPUR) to 'A+' from 'A' and affirmed its 'AAA' enhanced program rating on Little Elm Independent School District, Texas' outstanding general obligation bonds. At the same time, Standard & Poor's assigned its 'A+' ICR and 'AAA' enhanced program rating to the district's series 2010 unlimited tax refunding bonds. The outlook on all bonds is stable. The raised rating is based on our view of the district's continued strong finances despite challenges with identifying its growth pattern. The ICR is further strengthened by our view of the district's access to the diverse Dallas-Fort Worth metropolitan statistical area (MSA). The enhanced rating reflects our view of the district's...
Companies mentioned in this report are: Little Elm Indpt Sch Dist
Action: New Rating
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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.
Little Elm Indpt Sch Dist