Summary: Shawnee Community College District No. 531, Illinois; General Obligation
- ID: 1714986
- April 2011
- Region: Illinois
- Standard & Poors
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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.
Standard & Poor's Ratings Services assigned its 'A+' rating to Shawnee Community College District No. 531, Ill.'s series 2011B taxable general obligation (GO) community college bonds. At the same time, we affirmed our 'A+' rating on the district's GO debt outstanding. The outlook on all ratings is stable. The rating reflects our view of the district's: Adequate income levels; Adequate financial reserves coupled with additional liquidity in the working cash fund; and Very low to low debt burden, with very rapid amortization. Partially offsetting the preceding credit strengths is our view of the district's below-average wealth levels and above-average unemployment. The bonds are secured by the district's general obligation and are payable from unlimited ad valorem property taxes. The district...
Companies mentioned in this report are: Shawnee Comnty Coll Dist #531
Action: New Rating
Action: Outlook: Stable
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