Bishop Consolidated Indpt School Dist, TX's Issuer Credit Rtg Raised To 'A' On Tax-Base Growth - S&P Global Ratings’ Credit Research

Bishop Consolidated Indpt School Dist, TX's Issuer Credit Rtg Raised To 'A' On Tax-Base Growth

Bishop Consolidated Indpt School Dist, TX's Issuer Credit Rtg Raised To 'A' On Tax-Base Growth - S&P Global Ratings’ Credit Research
Bishop Consolidated Indpt School Dist, TX's Issuer Credit Rtg Raised To 'A' On Tax-Base Growth
Published Dec 16, 2008
Published Dec 16, 2008
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Abstract:

DALLAS (Standard&Poor's) Dec. 16, 2008--Standard&Poor's Ratings Services said it raised its issuer credit rating (ICR) on Bishop Consolidated Independent School District, Texas' general obligation debt to 'A' from 'BBB'. The outlook is stable. Standard&Poor's also assigned its 'A' ICR to the district's series 2008 bonds, which were issued in February, and affirmed its 'AAA' enhanced rating. "The upgrade is due to continued tax-base growth and maintenance of a strong financial position," said Standard&Poor's credit analyst Kate Choban. The enhanced rating is based on the strength and liquidity of the Texas Permanent School Fund Guarantee. In our opinion, the ICR reflects the district's healthy assessed valuation growth and an extremely strong market value

  
Report Type:

Ratings Action

Issuer
Bishop Cons Indpt Sch Dist
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bishop Consolidated Indpt School Dist, TX's Issuer Credit Rtg Raised To 'A' On Tax-Base Growth" Dec 16, 2008. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bishop-Consolidated-Indpt-School-Dist-TX-s-Issuer-Credit-Rtg-Raised-To-A-On-Tax-Base-Growth-690590>
  
APA:
S&P Global Ratings’ Credit Research. (). Bishop Consolidated Indpt School Dist, TX's Issuer Credit Rtg Raised To 'A' On Tax-Base Growth Dec 16, 2008. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bishop-Consolidated-Indpt-School-Dist-TX-s-Issuer-Credit-Rtg-Raised-To-A-On-Tax-Base-Growth-690590>
  
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