Summary: Hudsonville Public Schools, Michigan; School State Program May 11

Standard & Poors, May 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' program rating and 'A+' school issuer credit rating (ICR) and stable outlook to Hudsonville Public Schools, Mich.'s series 2011 general obligation (GO) school building and site bonds and affirmed its 'AA-' program rating and 'A+' ICR, with a stable outlook, on the district's existing debt. The 'AA-' program rating reflects the district's bond issues that qualified for participation in the Michigan school bond loan fund. The ICR reflects our opinion of the district's: Access to employment throughout the Grand Rapids, Holland, and Muskegon metropolitan areas; Positive student enrollment trend, tied to state aid; Strong income levels and market value per capita indicators; and Very strong reserves. We believe the district's moderately high...

Companies mentioned in this report are:
- Hudsonville Pub Schs

Action: Affirmed
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.

- Hudsonville Pub Schs

Customers who bought this item also bought

• The Netherlands Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
• Defense Expenditure in the Netherlands to 2017: Market Review
• Charter Schools - Global Outlook
• Future of the Netherlands' Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018
• Homeland Security Expenditure in the Netherlands to 2017: Market Review
• eLEARNING - Global Strategic Business Report
• Defense Spending in the Netherlands
• The Netherlands Defense Industry - Defense Procurement Market Dynamics to 2017: Market Profile
• The Netherlands Defense Industry - Industry Dynamics to 2017: Market Profile
• The Netherlands Defense Industry - Market Attractiveness and Emerging Opportunities to 2017: Market Profile