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
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