Summary: Oklahoma County Independent School District No. 89, Oklahoma; General Obligation Apr 11
Standard & Poors, April 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Oklahoma County Independent School District (ISD) No. 89, Okla.'s series 2011 general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'AA' rating, with a stable outlook, on the district's GO debt outstanding. The rating reflects what we view as the district's: Inclusion in the diverse and expanding Oklahoma City regional economy and labor markets; Continued economic expansion, supporting healthy tax base growth, Historically good financial performance; and Low overall debt burden, coupled with rapid principal amortization. The rating is constrained, in our opinion, by potential declines in state aid and the scheduled expiration of federal stimulus funding in fiscal 2012, which we believe...
Companies mentioned in this report are:
- Oklahoma Cnty Indpt Sch Dist No 89
- Oklahoma City
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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.
- Oklahoma Cnty Indpt Sch Dist No 89
- Oklahoma City
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