- Language: English
- Published: March 2012
- Region: Iowa
Summary: Twin Valley School District, Pennsylvania; School State Program May 11
- Published: May 2011
- Region: Pennsylvania
- Standard & Poors
Standard & Poor's Ratings Services has lowered its school issuer credit rating (ICR) on Twin Valley School District, Pa.'s general obligation bonds to 'BBB' from 'A-', reflecting the district's: History of structural imbalances that contributed to the deterioration of its financial position, resulting in negative fund balance levels; Predominantly rural local economy; and Elevated debt service carrying charges. Offsetting the above weaknesses are: The district's good income levels, coupled with its access to the Reading and Philadelphia metropolitan statistical areas (MSA); Diverse tax base with strong wealth levels; and Moderate debt burden with limited capital needs. The district has posted five consecutive general fund net operating deficits over the past five years. Between fiscals 2007 and 2009, these operating deficits...
Companies mentioned in this report are: Twin Vy Sch Dist
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 >
Twin Vy Sch Dist