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Summary: East Central Missouri Junior College District; General Obligation May 11 Product Image

Summary: East Central Missouri Junior College District; General Obligation May 11

  • Published: May 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has raised its underlying rating (SPUR) on East Central Missouri Junior College District's series 1998, 2006, and 2008 general obligation (GO) bonds to 'AA-' from 'A+', reflecting the district's continued strong financial performance. The rating also reflects the district's: Large and steadily growing tax base located within a developing region adjacent to the St. Louis metropolitan area; Wealth and income indicators ranging from good to strong; Diverse revenue mix; and Low debt burden with no future debt plans. The district's GO pledge secures the bonds, which are payable from ad valorem taxes that may be levied without limitation as to rate or amount upon all taxable property within the territorial limits of the district. East...

Companies mentioned in this report are: East Cent Missouri Jr Coll Dist
Action: Outlook: Stable
Action: Upgraded

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East Cent Missouri Jr Coll Dist

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