Round Rock Independent School District, TX: Annual comment onRound Rock ISD - Moody's Global Credit Research

Round Rock Independent School District, TX: Annual comment onRound Rock ISD

Round Rock Independent School District, TX: Annual comment onRound Rock ISD - Moody's Global Credit Research
Round Rock Independent School District, TX: Annual comment onRound Rock ISD
Published Nov 21, 2023
6 pages (2699 words) — Published Nov 21, 2023
Price US$ 200.00  |  Buy this Report Now

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Brief Excerpt:

...Economy Resident income Median Household Income (MHI), adjusted for Regional Price Parity (RPP), as a % of the US MHI: American Community Survey (US Census Bureau) RPP: US Bureau of Economic Analysis Full value ($000) Estimated market value of taxable property accessible to the district State repositories, district's audited financial reports, offering documents or continuing disclosure Population Population of school district American Community Survey (US Census Bureau) Full value per capita Full value / population of school district Enrollment Student enrollment of school district State data publications Enrollment trend 3-year Compound Annual Growth Rate (CAGR) of Enrollment State data publications; Moody's Investors Service Financial performance Operating revenue ($000) Total annual operating revenue in what we consider to be the district's operating funds Audited financial statements Avalable fund balance ($000) Committed, assigned and unassigned fund balances in what we consider to...

  
Report Type:

Issuer Comment

Issuer
Round Rock Independent School District, TX
Format:
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Round Rock Independent School District, TX: Update following revision of outlook to negative - Credit Opinion – 2024/03/01 – US$ 250.00 – ...Round Rock ISD, TX (Aaa negative) benefits from a vibrant local economy experiencing continued growth and a healthy resident wealth and income profile. The district's financial position overall remains strong, despite a multi-year trend of operating deficits that have nearly halved reserves over the last seven years. Student enrollment has declined since the coronavirus pandemic, but is expected to remain stable going forward. The district's leverage is currently modest, though is likely to increase within the next few years as the district plans to issue additional debt to address deferred maintenance on aging facilities. On February 26 we affirmed the district's issuer and general obligation unlimited tax (GOULT) ratings at Aaa and revised the outlook to negative from stable....

Moody's revises Round Rock ISD, TX's outlook to negative, affirms Aaa issuer and GOULT ratings - Rating Action – 2024/02/26 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Round Rock Independent School District, TX: Update to credit analysis - Credit Opinion – 2022/03/11 – US$ 250.00 – ...Round Rock ISD, TX (Aaa stable) benefits from a vibrant local economy experiencing continued rapid growth and well-managed financial operations which have resulted in strong financial reserves. Additionally, the district has a healthy resident wealth and income profile and a historically growing enrollment base, which is expected to rebound following two years of pandemic-related declines. The district's debt profile is elevated compared to Aaa rated peers, reflecting the district's capital needs to accommodate growth. The high debt burden is somewhat offset by the district's modest pension burden....

Moody's assigns Aaa UND/Aaa ENH to Round Rock ISD, TX's Series 2022 GOs; stable outlook - Rating Action – 2022/03/09 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Round Rock Independent School District, TX: Update to credit analysis - Credit Opinion – 2021/03/23 – US$ 250.00 – ...Sources: US Census Bureau, Round Rock Independent School District, TX's financial statements and Moody's Investors Service...

Moody's assigns Aaa UND/Aaa ENH to Round Rock ISD, TX's Series 2021 GOULT - Rating Action – 2021/03/22 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Round Rock Independent School District, TX: Annual Comment on Round Rock ISD - Issuer Comment – 2020/05/08 – US$ 200.00 – ... data sources; Offering statements; Moody's Investors Service EXHIBIT 4...

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MLA:
Moody's Global Credit Research. "Round Rock Independent School District, TX: Annual comment onRound Rock ISD" Nov 21, 2023. Alacra Store. May 25, 2024. <http://www.alacrastore.com/moodys-credit-research/Round-Rock-Independent-School-District-TX-Annual-comment-onRound-Rock-ISD-PBM_1385779>
  
APA:
Moody's Global Credit Research. (). Round Rock Independent School District, TX: Annual comment onRound Rock ISD Nov 21, 2023. New York, NY: Alacra Store. Retrieved May 25, 2024 from <http://www.alacrastore.com/moodys-credit-research/Round-Rock-Independent-School-District-TX-Annual-comment-onRound-Rock-ISD-PBM_1385779>
  
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