Johnson County Unified School District No. 233 (Olathe), Kansas; Tax Secured, General Obligation Aug 05
- ID: 1751705
- August 2005
- Region: Kansas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to Johnson County Unified School District No. 233 (Olathe), Kan.'s series 2005A GO refunding bonds, and affirmed its 'AA-' standard long-term rating and underlying rating (SPUR) on the district's GO debt outstanding. The ratings reflect the district's: Access to the strong and diverse Kansas City MSA economy, Expanding tax and economic bases, and Stable financial performance despite state-mandated constraints. These positive factors are somewhat mitigated by the district's moderate-to-high overall debt burden, coupled with enrollment-driven future capital needs. The district's full faith and credit pledge, payable from an ad valorem tax levied on all taxable property in the school district, secures the bonds. Johnson County Unified School District...
Companies mentioned in this report are:
- Johnson Cnty Unif Sch Dist #233-Olathe
Action: New Rating
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Research Type: Full Analysis