Summary: East Lycoming School District, Pennsylvania; School State Program
- ID: 1783859
- May 2011
- Region: Pennsylvania
- Standard & Poors
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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