S&P Corrects Rating To 'AA+' On Lake County School District No. 68 (Oak Grove), IL's Series 2007 GO Debt Certificates May 13
- Language: English
- Published: May 2013
Standard & Poor's Ratings Services has assigned its 'A-' long-term rating to Oak Grove, Mo.'s series 2011 general obligation (GO) bonds and affirmed its 'A-' underlying rating (SPUR) on the city's series 2009 GO bonds. The outlook on all the ratings is stable. The 'A-' ratings reflect our view of the city's: Stable tax base that is supported by the city's proximity to the diverse Kansas City metropolitan area economy; Good income yet adequate wealth levels; and Debt burden ranging from moderate to moderately high. While we consider general fund reserves to be good when measured as a percent of expenditures, the low nominal value of the fund balance, combined with potential financial pressure due to stagnant retail sales and...
Companies mentioned in this report are: Oak Grove
Action: New Rating
Action: Outlook: Stable
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