Standard&Poor's Rating Services assigned its 'AAA' enhanced rating and its 'A' issuer credit rating (ICR), and stable outlook, to Leander Independent School District, Texas' series 2007 unlimited-tax GO school building and refunding bonds. The enhanced rating reflects the security of the Texas Permanent School Fund guarantee. At the same time, Standard&Poor's affirmed its 'A' ICR, with a stable outlook, on the district's preexisting GO debt. The ratings reflects the district's: Participation in the rapidly growing Austin MSA economy, which provides significant employment opportunities; Continued expansion of the sizable property tax base, supported by households with above-average incomes; and Consistently strong financial performance, coupled with increasing reserves levels, despite continued growth pressures. Constraining these strengths are the
