Hitchcock Independent School District, TX GO Debt Outlook Revised To Negative On Operational Performance - S&P Global Ratings’ Credit Research

Hitchcock Independent School District, TX GO Debt Outlook Revised To Negative On Operational Performance

Hitchcock Independent School District, TX GO Debt Outlook Revised To Negative On Operational Performance - S&P Global Ratings’ Credit Research
Hitchcock Independent School District, TX GO Debt Outlook Revised To Negative On Operational Performance
Published Dec 15, 2023
2 pages (1009 words) — Published Dec 15, 2023
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About This Report

  
Abstract:

ENGLEWOOD (S&P Global Ratings) Dec. 15, 2023--S&P Global Ratings revised the outlook to negative from stable and affirmed its 'A+' underlying rating on Hitchcock Independent School District, Texas' general obligation (GO) debt outstanding. "The outlook revision reflects our view of the district's recent negative operational performance and the uncertainty regarding management's ability to include realistic revenue and expenditure assumptions in the budget," said S&P Global Ratings credit analyst Allie Jacobson. An unlimited ad valorem tax levied on all taxable property within the district secures the GO bonds outstanding.

  
Brief Excerpt:

...December 15, 2023 ENGLEWOOD (S&P Global Ratings) Dec. 15, 2023--S&P Global Ratings revised the outlook to negative from stable and affirmed its 'A+' underlying rating on Hitchcock Independent School District, Texas' general obligation (GO) debt outstanding. "The outlook revision reflects our view of the district's recent negative operational performance and the uncertainty regarding management's ability to include realistic revenue and expenditure assumptions in the budget," said S&P Global Ratings credit analyst Allie Jacobson. An unlimited ad valorem tax levied on all taxable property within the district secures the GO bonds outstanding....

  
Report Type:

Ratings Action

Issuer
Hitchcock Independent School District
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Hitchcock Independent School District, TX GO Debt Outlook Revised To Negative On Operational Performance" Dec 15, 2023. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Hitchcock-Independent-School-District-TX-GO-Debt-Outlook-Revised-To-Negative-On-Operational-Performance-3103338>
  
APA:
S&P Global Ratings’ Credit Research. (). Hitchcock Independent School District, TX GO Debt Outlook Revised To Negative On Operational Performance Dec 15, 2023. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Hitchcock-Independent-School-District-TX-GO-Debt-Outlook-Revised-To-Negative-On-Operational-Performance-3103338>
  
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