Horry County School District, South Carolina; School State Program Nov 10

Standard & Poors, November 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AA' enhanced program rating and 'AA' school issuer credit rating (ICR), and stable outlook, to Horry County School District, S.C.'s series 2010B general obligation (GO) refunding bonds and affirmed its 'AA' enhanced program rating and 'AA' ICR, with a stable outlook, on the district's existing GO debt. The 'AA' enhanced program rating reflects the South Carolina state education finance program. The credit characteristics supporting the ICR reflect our opinion of the district's: Continually expanding local economy that still primarily depends on tourism, reflected by the seasonality within the higher-than-average unemployment; Substantial property tax base that has been growing at a steady rate, coupled with an extremely strong market value per capita; Consistently strong...

Companies mentioned in this report are:
- Horry Cnty Sch Dist

Action: New Rating

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.

Research Type: Full Analysis

- Horry Cnty Sch Dist

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