Research And Markets Research And Markets

Oregon School Boards Association's Pension Obligations Rated 'A+' Jun 05

  • ID: 1795101
  • June 2005
  • Region: Oregon
  • Standard & Poors
1 of 3

NEW YORK (Standard & Poor's) June 2, 2005--Standard & Poor's Ratings Services assigned its 'A+' rating to Oregon School Boards Association's $459.78 million 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 outlook is stable, reflecting the state's general obligation rating outlook. The Oregon School Boards Association 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...

Companies mentioned in this report are: Oregon Sch Brds Assn
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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Note: Product cover images may vary from those shown
2 of 3

Oregon Sch Brds Assn

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown