| Title: | Summary: Gregory-Portland Independent School District, Texas; School State Program |
| Price: | $175.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services affirmed its 'AAA' enhanced rating, and its 'A-' issuer credit rating (ICR) on Gregory-Portland Independent School District, Texas' unlimited-tax general obligation (GO) bonds. The enhanced rating reflects the credit enhancement provided by the Texas permanent school fund. The ICR reflects the district's: Declining average daily attendance (ADA), which drives the state funding formula; Structural imbalance in the budget, which is offset by the very strong general fund position at fiscal 2007 year-end; Participation in the Corpus Christi metropolitan statistical area (MSA) with strong income levels; and Moderate debt burden and future bonding plans. An unlimited ad valorem property tax secures the bonds. Gregory-Portland Independent School District provides K-12 educational services to a stable population of |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Gregory-Portland Independent School District, Texas; School State Program Publication date: ##-May-#### Primary Credit Analyst: Hilary A Sutton, New York ###-###-####; hilary_sutton@standardandpoors.com... |
| Word Count: | 1089 |
| Issuer: | Gregory-Portland Indpt Sch Dist |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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