Moody's, S&P Global give good news on district's bond ratings [Yahoo! Finance]
S&P Global Inc. (SPGI)
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Source: Yahoo! Finance
Moody's Ratings has assigned a stable outlook on the underlying rating to Ector County ISD, affirming the Aa3 issuer and general obligation (GO) ratings. Additionally, Moody's has assigned Aa3 underlying and Aaa enhanced ratings to the district's Unlimited Tax School Building Bonds, Series 2024-A with an approximate par amount of $196.2 million and Variable Rate Unlimited Tax School Building Bonds, Series 2024-B with an approximate par amount of $100 million. The affirmation of the Aa3 issuer rating and stable outlook assignment on the underlying rating reflects the district's steady economic profile, stabilizing enrollment trend, solid available fund balance that is comparable to peers, as well as manageable leverage that is well below peers after inclusion of additional borrowing planned in 2025. "The stable outlook means Moody's has great confidence in the work that we're doing organizationally" ECISD Superintendent Scott Muri said in a news release. "Congratulations to our Tr
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- 4/26/24 - Form IRANNOTICE
- SPGI's page on the SEC website