Orangeburg County Consolidated School District No. 5, S.C. Issuer Credit Rating On GO Bonds Raised To 'A' Aug 10

Standard & Poors, August 2010

Abstract
BOSTON (Standard & Poor's) Aug. 3, 2010--Standard & Poor's Ratings Services has raised its issuer credit rating (ICR) on Orangeburg County Consolidated School District No. 5, S.C.'s general obligation (GO) bonds to 'A' from 'BBB+' based on the district's strong reserve position and low debt burden. The outlook is stable. At the same time, Standard & Poor's assigned its 'AA' enhanced rating and 'A' ICR to the district's $9.115 million series 2010 general obligation (GO) refunding bonds. The 'AA' enhanced rating is based on the security provided by the South Carolina State Aid Intercept Program. Factors constraining the rating are the district's: High unemployment rate, and Merely adequate wealth and income levels. "We expect that district officials will continue to...

Companies mentioned in this report are: Orangeburg Cnty Cons Sch Dist #5
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Orangeburg Cnty Cons Sch Dist #5

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