| Title: | Richardson Independent School District, Texas; General Obligation; Liquidity Facility; School State Program |
| Price: | $400.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard&Poor's Ratings Services raised its issuer credit rating (ICR), its standard long-term rating, and its underlying rating (SPUR) on Richardson Independent School District, Texas' general obligation debt to 'AA+' from 'AA' based on the long-term trend of strong financial operations despite state funding constraints, resulting in a very strong general fund position. Standard&Poor's also assigned its 'AA+' standard long-term rating to the district's $35 million series 2008 unlimited-tax GO school building bonds. The 'AAA' enhanced program rating reflects the guarantee provided by the Texas Permanent School Fund. The 'AA+' ICR reflects the district's: Participation in the diverse Dallas-Fort Worth metropolitan statistical area (MSA), Good wealth and income indicators, Continued sound financial performance with very strong general |
| Brief Excerpt: | RESEARCH Ratings Definitions Richardson Independent School District, Texas; General Obligation; Liquidity Facility; School State Program Publication date: ##-May-#### Primary Credit Analyst: Paul Jasin, Dallas (#) ###-###-####; paul_jasin@standardandpoo... |
| Word Count: | 2769 |
| Issuer: | Richardson Indpt Sch Dist |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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