| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Texas Permanent School Fund > News item |
S&P ups Northside I.S.D., Texas, to AA; rates 2008 bonds AAA
Standard & Poor's said it raised its issuer credit rating on Northside Independent School District, Texas' general obligation debt to AA from AA- and assigned its AAA program rating and AA issuer credit rating to the district's $90 million series 2008 unlimited tax school building bonds.
The outlook is stable.
The upgraded rating reflects significant expansion of the district's property tax base coupled with the maintenance of very strong financial reserves, S&P said. The AAA program rating for the 2008 bonds is based on the Texas Permanent School Fund's guarantee.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.