Summary: Humble Independent School District, Texas; General Obligation; School State Program - S&P Global Ratings’ Credit Research

Summary: Humble Independent School District, Texas; General Obligation; School State Program

Summary: Humble Independent School District, Texas; General Obligation; School State Program - S&P Global Ratings’ Credit Research
Summary: Humble Independent School District, Texas; General Obligation; School State Program
Published Jul 12, 2018
6 pages (2561 words) — Published Jul 12, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' underlying rating and 'AAA' program rating to Humble Independent School District (ISD), Texas' series 2018 unlimited-tax school building bonds. At the same time, we affirmed our 'AA-' underlying rating on the district's existing debt. The outlook is stable. The program rating reflects our assessment of the strength and stability of the Texas Permanent School Fund bond guarantee program. (For more information on the permanent school fund, please see our report published June 8, 2018 on RatingsDirect.) The bonds are secured by revenue from an unlimited-ad valorem tax levied on all taxable property in the district. Proceeds from the bonds will be used to acquire, construct, equip, and purchase sites for school buildings within the

  
Brief Excerpt:

...Humble ISD serves an estimated population of 211,598. The median household effective buying income in the district is 153% of the national average, and the per capita effective buying income in the district is 132% of the national average, both of which we consider very strong. The district's total $15.6 billion market value in 2018 is strong, in our view, at $73,574 per capita. Net taxable assessed value grew by a total of 11.7% since 2016 to $15.6 billion in 2018. The 10 largest taxpayers make up an estimated 3.9% of net taxable assessed value, which we consider very diverse....

  
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Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Humble Independent School District, Texas; General Obligation; School State Program" Jul 12, 2018. Alacra Store. Sep 18, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Humble-Independent-School-District-Texas-General-Obligation-School-State-Program-2070718>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Humble Independent School District, Texas; General Obligation; School State Program Jul 12, 2018. New York, NY: Alacra Store. Retrieved Sep 18, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Humble-Independent-School-District-Texas-General-Obligation-School-State-Program-2070718>
  
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