Summary: Horry County School District, South Carolina; School State Program Nov 10
- ID: 1791519
- November 2010
- Region: South Carolina
- Standard & Poors
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
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. SHOW LESS READ MORE >