Upper St. Clair Township School District, PA GO Bond Rating Raised To 'AA+'; Outlook Stable Aug 09
- ID: 1795507
- August 2009
- Standard & Poors
NEW YORK (Standard & Poor's) Aug. 17, 2009--Standard & Poor's Ratings Services has raised its underlying rating (SPUR) on Upper St. Clair Township School District, Pa.'s general obligation (GO) bonds to 'AA+' from 'AA,' based on the district's affluent residential community, positive financial performance, good management practices, and maintenance of a strong reserve position. The outlook is stable. At the same time, the rating service assigned its 'AA+' long-term rating to the district's $60 million series 2009A (tax exempt) and 2009B (federally taxable Build America Bonds--issuer subsidy) GO bonds. In Standard & Poor's view, the rating reflects the district's: Stable local economy, with easy access to, and participation in, the greater Pittsburgh metropolitan statistical area, providing residents with additional economic...
Companies mentioned in this report are:
- Upper St Clair Twp Sch Dist
Action: New Rating
Action: Outlook: Stable
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