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Summary: Shawnee Community College District No. 531, Illinois; General Obligation
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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
Shawnee Comnty Coll Dist #531