ֳ

Credit Summary

Azle Independent School District (TX)

EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

ESG Relevance
1
2
3
4
5

01Ratings

RatingActionDateType
AA+Upgrade24-Jul-2024Long Term Issuer Default Rating
Key Rating Factors
Financial Resilience aaa
Revenue Volatility Midrange
Population Trend Strongest
Unemployment, Educational Attainment and MHI Level Midrange
Economic Concentration and Population Size Strongest
Long-Term Liability Burden Weak
Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red

Rating History

Date :24-Jul-202404-Apr-202412-Feb-202402-Jan-202403-Feb-202311-Feb-202227-Jul-202116-Sep-202005-Nov-201904-Dec-201830-Jan-201725-Apr-2016
Rating :AA+AAAAAAAAAAAAAAAAAAAAAA-
Action :UpgradeUnder Criteria ObservationAffirmedReview - No ActionReview - No ActionAffirmedAffirmedReview - No ActionReview - No ActionAffirmedUpgradeNew Rating

02Rating Actions

03Insights

04Securities and Obligations

Ratings
Rated Entity / Debt  
Ratings  
Entity Details  
Identifiers  
Other Details  
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax rfdg bonds ser 2018 (gtd: Texas Permanent School Fund)
Series: 2018
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789XF4 (Public)
Maturity Date: 15-Feb-2038
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax rfdg bonds ser 2018 (gtd: Texas Permanent School Fund)
Series: 2018
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789XG2 (Public)
Maturity Date: 15-Feb-2039
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax rfdg bonds ser 2018 (gtd: Texas Permanent School Fund)
Series: 2018
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789XE7 (Public)
Maturity Date: 15-Feb-2037
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax sch bldg & rfdg bonds ser 2024 (gtd: Texas Permanent School Fund)
Series: 2024
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789ZG0 (Public)
Maturity Date: 15-Feb-2029
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax sch bldg & rfdg bonds ser 2024 (gtd: Texas Permanent School Fund)
Series: 2024
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789ZJ4 (Public)
Maturity Date: 15-Feb-2031
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax sch bldg & rfdg bonds ser 2024 (gtd: Texas Permanent School Fund)
Series: 2024
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789ZM7 (Public)
Maturity Date: 15-Feb-2034
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax sch bldg & rfdg bonds ser 2024 (gtd: Texas Permanent School Fund)
Series: 2024
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789ZX3 (Public)
Maturity Date: 15-Feb-2044
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax sch bldg & rfdg bonds ser 2024 (gtd: Texas Permanent School Fund)
Series: 2024
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789ZW5 (Public)
Maturity Date: 15-Feb-2043
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax sch bldg & rfdg bonds ser 2024 (gtd: Texas Permanent School Fund)
Series: 2024
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789ZH8 (Public)
Maturity Date: 15-Feb-2030
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
Security: Azle Independent School District (TX) / General Obligation - Unlimited Tax
Issuer: Azle Independent School District (TX)
Bond: unltd tax sch bldg & rfdg bonds ser 2024 (gtd: Texas Permanent School Fund)
Series: 2024
05-Dec-2024
AAA
Affirmed
Long Term Rating

05-Dec-2024
AAA
Affirmed
Enhanced Long Term Rating

24-Jul-2024
AA+
Upgrade
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 054789ZT2 (Public)
Maturity Date: 15-Feb-2040
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA+
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05Disclosures

Endorsement Status
EU Endorsed, UK Endorsed
Country of ֳ Office
United States
Solicitation Status
Long Term RatingSolicited - Sell Side
Enhanced Long Term RatingSolicited - Sell Side
Unenhanced Long Term RatingSolicited - Sell Side

06Criteria

02Apr
2024
Active Criteria
U.S. Public Finance Local Government Rating Criteria
18Jan
2024
Expired Criteria
U.S. Public Finance Structured Finance Rating Criteria - Effective from January 18, 2024 to January 8, 2025
16Sep
2022
Expired Criteria
U.S. Public Finance Variable-Rate Demand Obligations and Commercial Paper Issued with External Liquidity Support Rating Criteria: Effective Sept. 16, 2022 to Dec. 12, 2024
04May
2021
Expired Criteria
U.S. Public Finance Tax-Supported Rating Criteria - Effective from May 4, 2021 to April 2, 2024
16Mar
2021
Expired Criteria
U.S. Public Finance Tender Option Bond Rating Criteria - Effective from March 16, 2021 to March 11, 2025
More Criteria

07Analysts

Sonya Pashkovski
Primary Rating Analyst

Jose Acosta
Secondary Rating Analyst

Credit-Relevant ESG Scale

How relevant are E, S and G issues to the overall credit rating?

5
Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. Equivalent to "higher" relative importance within Navigator.
4
Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to "moderate" relative importance within Navigator
3
Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to "lower" relative importance within Navigator.
2
Irrelevant to the entity rating but relevant to the sector.
1
Irrelevant to the entity rating and irrelevant to the sector

* ESG Relevance is applicable for international scale ratings only

Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red