Summary: Forsyth County School District, Georgia; General Obligation Apr 11

Standard & Poors, April 2011

Abstract
Standard & Poor's Ratings Services has assigned its 'AA+' long-term rating to Forsyth County School District, Ga.'s series 2011 general obligation (GO) refunding bonds and affirmed its 'AA+' long-term rating on the district's existing GO debt. The 'AA+' long-term rating reflects our view of the district's: Strong wealth and income indicators coupled with an unemployment rate lower than state and national averages; Participation in the Atlanta metropolitan area economy, which, though continuing to experience the lagging effects of the recession, is expected to rebound, albeit at a slower pace of economic growth than achieved before the downturn; and Maintenance of a strong financial profile despite reserve reductions Mitigating the above factors are the district's future capital needs, driven by continued...

Companies mentioned in this report are:
- Forsyth Cnty Sch Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Forsyth Cnty Sch Dist

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