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

  • ID: 1783859
  • May 2011
  • Region: Pennsylvania
  • Standard & Poors


  • East Lycoming Sch Dist
  • MORE

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 READ MORE >

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East Lycoming Sch Dist

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