Moody's rates Clear Creek I.S.D., Texas, bonds Aaa

Moody's Investors Service said it assigned an Aaa enhanced rating and Aa3 underlying rating to Clear Creek Independent School District, Texas' anticipated $96.675 million of series 2008 unlimited-tax school building and refunding bonds.

Moody's also said it affirmed the Aa3 underlying rating on the district's outstanding parity bonds, affecting a total of $627.7 million after the current sale.

The enhanced rating on the 2008 bonds is based on a guaranty from the Texas Permanent School Fund.

Sale of the bonds is expected on April 15.

© 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.