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Summary: East Lycoming School District, Pennsylvania; School State Program
Standard & Poors, May 2011
Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating and school issuer credit rating (ICR) to East Lycoming School District, Pa.'s general obligation (GO) bonds, series 2011A and 2011B. At the same time, Standard & Poor's affirmed its 'AA-' ratings on the district's previously issued bonds. The ratings reflect our view of the district's: Limited local economy with good income levels, Very diverse tax base coupled with strong market value per capita, Conservative budgeting practices that have contributed to the maintenance of very strong general fund balance levels, and Moderate debt burden with limited capital needs. The full faith and credit pledge of the school district secures the bonds. The Pennsylvania State Aid Intercept Program, which qualifies the...
Companies mentioned in this report are: East Lycoming Sch Dist
Action: New Rating
Action: Outlook: Stable
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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.
East Lycoming Sch Dist