S&P Credit Research



Title:

Summary: Richardson Independent School District, Texas; General Obligation; Liquidity Facility; School State Program

Price:$175.00
Publication Date:May 01, 2008
Report Type:Summary
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
Issuer:Richardson Indpt Sch Dist
Sector:Public Finance
Country:United States
Region:United States
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S&P Credit Research

S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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