Standard & Poor's Releases Report on Declaration of Financial Exigency PDF Print E-mail

2/25/11

Standard & Poor's recently released timely reports on school districts' declarations of financial exigency and the budget  challenges affecting the current Legislative Session.  The report on financial exigency is very helpful in understanding when and why the declaration of financial exigency can affect a school district's bond rating.  

To access the Standard & Poor's reports click on the links below.

Texas School Districts Declaring Financial Exigency: How Can It Affect Credit Quality? Texas School Districts' Declaring Financial Exigency: How Can It Affect Credit Quality? (423.61 KB)  

Texas Budget Challenge: Structural Changes Are Key To Avoid Persistent Deficits Texas' Budget Challenge: Structural Changes Are Key To Avoid Persistent Deficits (428.44 KB)