- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Grand Haven Area Public Schools, Michigan; General Obligation; School State Program May 11
- Published: May 2011
- Region: Michigan
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' long-term program rating school issuer credit rating (ICR) to Grand Haven Area Public Schools, Mich.'s series 2011 unlimited tax general obligation (GO) school building and site bonds. At the same time, Standard & Poor's affirmed its 'AA-' issuer credit rating (ICR) and underlying rating (SPUR) on the district's existing GO debt. The outlook is stable. The enhanced rating and SPUR reflect the district's eligibility for, and participation in, the Michigan State School Bond Loan Fund program. The school ICR reflects our view of the district's creditworthiness, including its: Lake Michigan-shore location with access to the economic and employment resources in Muskegon, Holland, and Grand Rapids; Stabilizing enrollment trend, a critical factor in...
Companies mentioned in this report are: Grand Haven Area Pub Schs
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 >
Grand Haven Area Pub Schs