Summary: Lone Oak Independent School District, Texas; School State Program - S&P Global Ratings’ Credit Research

Summary: Lone Oak Independent School District, Texas; School State Program

Summary: Lone Oak Independent School District, Texas; School State Program - S&P Global Ratings’ Credit Research
Summary: Lone Oak Independent School District, Texas; School State Program
Published Apr 30, 2008
Published Apr 30, 2008
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Abstract:

Standard&Poor's Ratings Services raised its issuer credit rating (ICR) on Lone Oak Independent School District, Texas' existing general obligation (GO) debt to 'A' from 'BBB+' due to a consistently strong financial position that is bolstered by significant state support for operations. At the same time, Standard&Poor's affirmed its 'AAA' program rating on the district's existing GO debt based on the security guarantee of the Texas Permanent School Fund. Standard&Poor's also assigned its 'A' ICR and 'AAA' program rating to the district's series 2008 unlimited-tax GO bonds. The ICR reflects the district's: Ongoing residential construction, which has contributed to robust assessed valuation (AV) growth as well as steady student enrollment growth; Agricultural based local economy

  
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Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Lone Oak Independent School District, Texas; School State Program" Apr 30, 2008. Alacra Store. Oct 18, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Lone-Oak-Independent-School-District-Texas-School-State-Program-645754>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Lone Oak Independent School District, Texas; School State Program Apr 30, 2008. New York, NY: Alacra Store. Retrieved Oct 18, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Lone-Oak-Independent-School-District-Texas-School-State-Program-645754>
  
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