Summary: East Lycoming School District, Pennsylvania; School State Program

Standard & Poors, May 2011

Abstract
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: 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.

East Lycoming Sch Dist

Customers who bought this item also bought

• Charter Schools - Global Outlook
• Linking Leadership to Student Learning
• 2009 Public Sector - UK Key Corporate Changes
• Making a Collection Count: A Holistic Approach to Library Collection Management
• Government Investment Pools Report
• Slovenia Defence and Security Report Q1 2012
• The Comparative Guide to American Elementary & Secondary Schools 2012 Edition
• Government Guarantees - In Focus
• Bosnia-Herzegovina Defence and Security Report 2012
• School Education in GCC Countries to 2017