Report title: Summary: Harlandale Independent School District, Texas; General Obligation; School State Program
from S&P Credit Research
1675 word report published Nov 03, 2009

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Abstract: Standard&Poor's Ratings Services assigned its 'A' long-term rating to Harlandale Independent School District, Texas' series 2009 unlimited-tax qualified school construction general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'A' underlying rating (SPUR) and school issuer credit rating (ICR) and its 'AAA' enhanced program rating on the district's existing GO debt. The 'AAA' program rating on the district's existing debt reflects the Texas Permanent School Fund guarantee's security. The ICR reflects our view of the district's: Participation in the deep and increasingly diverse San Antonio employment base, Significant state operating and debt service support, and Relatively stable enrollment levels. These strengths are somewhat offset, in our view, by the district's: Low wealth and income

Brief Excerpt: RESEARCH Ratings Definitions Summary: Harlandale Independent School District, Texas; General Obligation; School State Program Publication date: 03-Nov-2009 Primary Credit Analyst: Russell Bryce, Dallas (1) 214-871-1419; russell_bryce@standardandpoors.co...

Report Type: Summary
Issuer: Harlandale Indpt Sch Dist
Sector: Public Finance
Country: United States
Region: United States
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