- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Flat Rock Community Schools, Michigan; School State Program May 11
- Published: May 2011
- Region: Michigan
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA-' program rating and 'A-' school issuer credit rating (ICR), with a stable outlook, on Flat Rock Community Schools, Mich.'s general obligation (GO) debt. The 'AA-' program rating reflects the district's bond issues that are qualified for participation in the Michigan School Bond Loan Fund. The ICR reflects our opinion of the district's: Financial reserves that have fluctuated and remained, what we consider, adequate, albeit still below average; and Moderately high debt burden. We believe credit strengths include the district's: Access to a w ide and diverse number of employment opportunities within the Detroit and Ann Arbor, Mich. metropolitan areas; Strong income levels and market value per capita indicators; and Stable enrollment trends...
Companies mentioned in this report are: Flat Rock Comnty Schs
Action: Outlook: Stable
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Flat Rock Comnty Schs