Summary: Oregon Sch Brds Assn; Tax Secured, General Obligation Jun 05
- ID: 1795035
- June 2005
- Region: Oregon
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' rating to Oregon School Boards Association's limited-tax pension obligations, series 2005A, based on an intercept agreement between the participating school and education service districts and the Oregon Department of Education. The rating reflects: The security of state education revenues pledged for payment of debt service, A solid legal structure, and Strong coverage of debt service by pledged revenues. The Oregon School Boards Association, a non-profit association founded in 1946, is the sponsor of the limited tax pension bond program for the districts. The series 2005A pension obligations are being issued to finance all or a portion of the estimated unfunded actuarial liability of participating school districts and education service districts with the...
Companies mentioned in this report are: Oregon Sch Brds Assn
Action: New Rating
Action: Outlook: Stable
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