- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Effingham & Fayette Counties Community Unit School District No. 10 (Altamont), Illinois; General Obligation
- Published: May 2011
- Region: Illinois
- Standard & Poors
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, and stable outlook, to Effingham & Fayette Counties Community Unit School District No. 10 (Altamont), Ill.'s series 2011 general obligation (GO) unlimited-tax school bonds. The rating reflects our opinion of the district's: Stable local economy centered on the agriculture, manufacturing, services, and trade sectors; Good income levels; Strong reserves, albeit on a cash basis; and Moderate debt burden. We believe the district's low market value per capita indicators limit the rating. The bonds are secured by ad valorem taxes levied on all taxable properties in the district without limitation as to rate or amount. Proceeds from the bonds will be used to make capital improvements to the district's high school facility....
Companies mentioned in this report are: Effingham & Fayette Cntys Comnty Unit Sch Dist #10
Action: New Rating
Action: Outlook: Stable
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Effingham & Fayette Cntys Comnty Unit Sch Dist #10