Leander Independent School District, TX $135 Million Building Bonds Rated 'AA'; Outlook Is Stable

DALLAS (S&P Global Ratings) Sept. 28, 2022--S&P Global Ratings assigned its 'AAA' long-term rating and 'AA' underlying rating to Leander Independent School District (ISD), Texas' anticipated $135 million series 2022 unlimited-tax school building bonds. At the same time, S&P Global Ratings affirmed its 'AA' underlying rating on the district's general obligation (GO) debt outstanding. The outlook is stable. "The rating reflects the fact that Leander ISD is an extremely fast-growing district that has historically added more than 1,000 students each year," said S&P Global Ratings credit analyst Melissa Banuelos. "It also reflects the district's location near Austin that has allowed for extremely strong tax base and enrollment growth, which we expect to continue," she added. The bonds are payable from

...September 28, 2022 DALLAS (S&P Global Ratings) Sept. 28, 2022--S&P Global Ratings assigned its '###' long-term rating and '##' underlying rating to Leander Independent School District (ISD), Texas' anticipated $135 million series 2022 unlimited-tax school building bonds. At the same time, S&P Global Ratings affirmed its '##' underlying rating on the district's general obligation (GO) debt outstanding. The outlook is stable. "The rating reflects the fact that Leander ISD is an extremely fast-growing district that has historically added more than 1,000 students each year," said S&P Global Ratings credit analyst Melissa Banuelos. "It also reflects the district's location near Austin that has allowed for extremely strong tax base and enrollment growth, which we expect to continue," she added. The bonds are payable from a continuing direct annual ad valorem tax levied by the district, without legal limit as to rate or amount, on all taxable property within the district. Proceeds of the bonds...

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