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Summary: Christian Cnty Reorg Sch Dist #R-III Sparta, MO; Tax Secured, School State Program
Standard & Poors, March 2006
Standard & Poor's Ratings Services affirmed its 'AA+' rating on Christian County R-III School District (Sparta), Mo.'s GO bonds, reflecting the school district's eligibility and participation in the Missouri Direct Deposit of State Aid Program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service at least 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, department of elementary and secondary education, health and educational facilities authority, and deposit trustee.
Companies mentioned in this report are: Christian Cnty R-III Sch Dist (Sparta)
Action: Outlook: Stable
Christian Cnty R-III Sch Dist (Sparta)