Leander Independent School District, TX Series 2023 School Building Bonds Rated ?AAA?; Outlook Is Stable

ENGLEWOOD (S&P Global Ratings) July 13, 2023--S&P Global Ratings assigned its 'AAA' long-term rating and 'AA' underlying rating to Leander Independent School District (ISD), Texas' anticipated $273 million series 2023 unlimited tax school building bonds and $37 million unlimited tax refunding bonds, series 2023A. At the same time, S&P Global Ratings affirmed its 'AA' underlying rating on the district's general obligation debt outstanding. The outlook is stable. 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 will be used for constructing, acquiring, renovating, and improving school buildings--specifically two new elementary schools and renovations to

...July 13, 2023 ENGLEWOOD (S&P Global Ratings) July 13, 2023--S&P Global Ratings assigned its '###' long-term rating and '##' underlying rating to Leander Independent School District (ISD), Texas' anticipated $273 million series 2023 unlimited tax school building bonds and $37 million unlimited tax refunding bonds, series 2023A. At the same time, S&P Global Ratings affirmed its '##' underlying rating on the district's general obligation debt outstanding. The outlook is stable. 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 will be used for constructing, acquiring, renovating, and improving school buildings--specifically two new elementary schools and renovations to some older campuses. The refunding bonds will fund a tender purchase of outstanding bonds for debt service savings. The bonds are further secured by the district's eligibility...

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