- Language: English
- Published: June 2012
- Region: Michigan
Summary: Northview Public Schools, Michigan; School State Program May 11
- ID: 1807702
- May 2011
- Region: Michigan
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR) and 'A+' issuer credit rating (ICR) on Northview Public Schools, Mich.'s general obligation (GO) debt. The outlook is stable. The 'AA-' rating reflects the district's eligibility for, and participation in, the Michigan State Bond Loan Fund Program. The 'A+' ICR reflects our view of the district's underlying credit quality, including its: Stable local economy and direct access to the greater Grand Rapids area economy, Good economic indicators, Stable enrollment trends, Maintenance of strong financial reserves, and Low overall net debt burden. Northview Public Schools serves an estimated population of 16,300 in Kent County and is located directly northeast of Grand Rapids. Income levels in the primarily residential district are,...
Companies mentioned in this report are: Northview Pub Schs
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 >
Northview Pub Schs