Fitch Rates Sharyland ISD, TX Series 2012 ULT Bonds ‘AAA’ PSF; ‘AA-’ Underlying; Outlook Stable
AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings assigns the following ratings to the Sharyland Independent School District (ISD), Texas (the district) unlimited tax (ULT) bonds: –$55 million ULT school building bonds, series 2012 ‘AAA’. The ‘AAA’ long-term rating reflects the guarantee provided by the Texas Permanent School Fund (PSF), whose bond guarantee program is rated ‘AAA’ by Fitch. Fitch also assigns an ‘AA-’ underlying rating to the series 2012 bonds. The bonds are expected to price via n
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Fitch Rates Sharyland ISD, TX Series 2012 ULT Bonds ‘AAA’ PSF; ‘AA-’ Underlying; Outlook Stable
Fitch Rates Progreso ISD, TX ULT Bonds ‘AAA’ Texas PSF; ‘A’ Underlying
AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings has taken the following rating action on Progreso Independent School District (the district), TX’s unlimited tax (ULT) bonds: –$3 million ULT refunding bonds, series 2011A — ‘AAA’. The ‘AAA’ rating is based on the guaranty provided by the Texas Permanent School Fund (PSF), whose Insurer Financial Strength is rated ‘AAA’ by Fitch. In addition, Fitch assigns an underlying ‘A’ rating to the series 2011A bonds. The bonds are scheduled to price as early
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Fitch Rates Progreso ISD, TX ULT Bonds ‘AAA’ Texas PSF; ‘A’ Underlying
Fitch Rates Northside ISD, TX ULTs ‘AAA’ PSF, ‘AA+’ Underlying; Outlook Stable
AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘AAA’ rating to the following Northside Independent School District, Texas’ (the district) unlimited tax bonds: –$63.52 million unlimited tax refunding bonds, series 2011. The ‘AAA’ long-term rating is based on a guaranty provided by the Texas Permanent School Fund (PSF), whose Insurer Financial Strength is rated ‘AAA’ by Fitch. The bonds are scheduled for negotiated sale on Nov. 9, 2011, subject to market conditions. Proceeds from t
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Fitch Rates Northside ISD, TX ULTs ‘AAA’ PSF, ‘AA+’ Underlying; Outlook Stable
Fitch Affirms Brownsville ISD, TX’s ULTs at ‘AA’; Outlook Revised to Negative
AUSTIN, Texas–(BUSINESS WIRE)–As part of its continuous surveillance efforts, Fitch Ratings takes the following rating action on Brownsville Independent School District, Texas (the district): –$173.9 million unlimited tax bonds (ULTs) affirmed at ‘AA’. The Rating Outlook is revised to Negative from Stable. KEY RATING DRIVERS: Diminished Financial Cushion: Sizable budget variances have caused a trend of larger than anticipated drawdowns of fund balance in each of the last three fiscal years. W
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Fitch Affirms Brownsville ISD, TX’s ULTs at ‘AA’; Outlook Revised to Negative
Fitch Downgrades Uvalde Consolidated Independent Sch Dist, TX Unltd Tax Bds to ‘A+’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–As part of its continuous surveillance efforts, Fitch Ratings has downgraded the following Uvalde Consolidated Independent School District, Texas’ (the district) unlimited tax bonds: –Approximately $19.8 million unlimited tax refunding bonds series 2005 downgraded to ‘A+’ from ‘AA-’. The Rating Outlook is Stable. KEY RATINGS DRIVERS Downgrade Reflects Weakened Finances: The district’s weakened financial profile and limited financial flexibility stem from declining ave
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Fitch Downgrades Uvalde Consolidated Independent Sch Dist, TX Unltd Tax Bds to ‘A+’; Outlook Stable
Fitch Affirms Pampa ISD (TX) ULTGO Bonds ‘A+’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–As part of its continuous surveillance effort, Fitch Ratings takes the following rating action on Pampa Independent School District, Texas’ (the district) unlimited tax (ULT) Bonds: –$54.9 million ULT school building bonds, series 2007, affirmed at ‘A+’; The Rating Outlook is Stable. SECURITY The bonds are direct obligations of the district and are secured by an unlimited ad valorem tax pledge of the district. In addition, the bonds are secured by the Texas Permanent
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Fitch Affirms Pampa ISD (TX) ULTGO Bonds ‘A+’; Outlook Stable
Fitch Rates Grand Prairie ISD (TX) Ser 2011 ULT Rfdg Bds ‘AAA’ PSF; ‘AA’ Underlying; Outlook Stable
AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings assigns the following rating to the Grand Prairie Independent School District, Texas’ (the district) unlimited tax (ULT) bonds: –$59.6 million unlimited tax refunding bonds, series 2011 ‘AAA’. The rating is based on a guaranty provided by the Texas Permanent School Fund (PSF; Insurer Financial Strength rated ‘AAA’ by Fitch). In addition, Fitch assigns an underlying ‘AA’ rating to the series 2011 bonds. The bonds are expected to price via negotiated
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Fitch Rates Grand Prairie ISD (TX) Ser 2011 ULT Rfdg Bds ‘AAA’ PSF; ‘AA’ Underlying; Outlook Stable
Fitch Rates Lockhart ISD, Texas’ Series 2011 ULT Bonds ‘AAA’; Outlook Stable
AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings assigns an ‘AAA’ rating to the following Lockhart Independent School District (ISD), Texas (the district) unlimited tax (ULT) bonds: –$2.74 million ULT school building bonds, series 2011. The ‘AAA’ rating reflects the guarantee provided by the Texas Permanent School Fund (PSF), whose Insurer Financial Strength is rated ‘AAA’ by Fitch. Fitch also assigns an ‘AA’ underlying rating to the series 2011 bonds. The bonds are expected to price via competiti
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Fitch Rates Lockhart ISD, Texas’ Series 2011 ULT Bonds ‘AAA’; Outlook Stable
Fitch Rates Northwest ISD, TX ULTs ‘AAA’ PSF/’AA’ Underlying; Outlook Stable
AUSTIN, Texas–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘AAA’ rating to the following Northwest Independent School District, Texas (the district) unlimited tax limited bonds (ULTs): –$50 million ULT school building bonds, series 2011. The ‘AAA’ long-term rating is based on a guaranty provided by the Texas Permanent School Fund (PSF), whose Insurer Financial Strength is rated ‘AAA’ by Fitch. The series 2011 bonds are scheduled for negotiated sale on Aug. 30. Proceeds from the sale will be
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Fitch Rates Northwest ISD, TX ULTs ‘AAA’ PSF/’AA’ Underlying; Outlook Stable
Fitch Affirms Bullard Independent School District, Texas’ ULT Bonds at ‘AA-’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the rating on the following Bullard Independent School District, Texas bonds, in the course of routine surveillance: –Approximately $9.2 million unlimited tax refunding bonds, series 2005 at ‘AA-’. The Rating Outlook is Stable. SECURITY The bonds are direct obligations of the district, payable from an ad valorem tax levied, without legal limitation as to rate or amount, on all taxable property within the district. KEY RATING DRIVERS Small, G
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Fitch Affirms Bullard Independent School District, Texas’ ULT Bonds at ‘AA-’; Outlook Stable
