Standard & Poor's Ratings Services has assigned its 'AA' enhanced rating and 'A' school issuer credit rating (ICR) to Orangeburg County Consolidated School District No. 5, S.C.'s series 2011A general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA' enhanced rating and 'A' school ICR on the district's previously issued parity debt. The 'AA' enhanced rating reflects the security provided by the South Carolina State Aid Intercept Program. The 'A' school ICR is based on the district's: Very strong general fund reserve position, and Low debt burden. Constraining factors include the district's: High unemployment rate, and Merely adequate wealth and income levels. The district's full faith and credit pledge secures the bonds. The district will...
Companies mentioned in this report are: Orangeburg Cnty Cons Sch Dist #5
Action: New Rating
Action: Outlook: Stable
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