Mesquite ISD, TX GO Bonds Rated 'AAA', 'AA-' SPUR May 00
Standard & Poors, May 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) May 4, 2000--Standard & Poor's today assigned its triple-'A' rating and double-'A'-minus underlying rating (SPUR) to Mesquite Independent School District, Texas'$22 million GO school bonds series 2000, which are scheduled to sell May 5, 2000. The triple-'A' rating is based on the security of the Texas Permanent School Fund guarantee. The SPUR reflects: ý-- A rapidly growing residential base that participates in the strong and diverse Dallas Metroplex economy, and ý-- Strong financial performance. Offsetting these strengths is a high debt burden, which is partially mitigated by support from the state's Tier III aid. The district serves a rapidly growing residential community that benefits from the strong and diverse economy of the surrounding Dallas...
Companies mentioned in this report are:
- Mesquite Indpt Sch Dist
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.
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.
- Mesquite Indpt Sch Dist
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