NEW YORK (Standard&Poor's) Aug. 11, 2004—Standard&Poor's Ratings Services assigned its 'AAA' enhanced rating and 'A' underlying rating (SPUR) to Leander Independent School District, Texas' $74.3 million unlimited-tax school building and refunding bonds, series 2004. The outlook is stable. The sale date is August 19. In addition, Standard&Poor's affirmed its 'A' underlying rating (SPUR) on the school district's outstanding debt. "The enhanced 'AAA' rating is based on the guarantee provided by the Texas Permanent School Fund. The 'A' SPUR reflects the district's participation in the rapidly growing Austin MSA economy, which provides significant employment opportunities; its continued expansion of the sizeable tax base, supported by households with above average incomes; and its consistently strong financial
