Summary: Effingham & Fayette Counties Community Unit School District No. 10 (Altamont), Illinois; General Obligation May 11
- ID: 1783125
- May 2011
- Region: Illinois
- Standard & Poors
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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