Summary: Bates County R-IV School District (Rich Hill), Missouri; School State Program Oct 10

Standard & Poors, October 2010

Abstract
The 'AA+' rating assigned to Bates County R-IV School District (Rich Hill), Mo.'s series 2010 general obligation (GO) refunding bonds and on the district's existing debt reflects the school district's eligibility for, and participation in, the Missouri Direct Deposit of State Aid program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service at least 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, department of elementary and secondary education,...

Companies mentioned in this report are:
- Bates Cnty R-IV Sch Dist Rich Hill

Action: Affirmed
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.

- Bates Cnty R-IV Sch Dist Rich Hill

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