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Summary: Valley Park School District, Missouri; Appropriations; General Obligation; School State Program Apr 11
Standard & Poors, April 2011
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating and stable outlook to Valley Park School District, Mo.'s series 2011 general obligation (GO) refunding bonds. Standard & Poor's also affirmed its 'AA' long-term rating on the district's previously issued GO bonds and its 'AA-' long-term rating and underlying rating (SPUR) on the district's previously issued lease-backed debt. The ratings reflect our view of the district's: Proximity to the city of St. Louis and participation in the strong St. Louis County economy; Strong income levels and a very strong market value per capita; Good financial management practices that have consistently supported strong reserve levels, as measured on a cash basis of accounting; and Low debt burden with no additional...
Companies mentioned in this report are: Valley Pk Sch Dist,Valley Pk Sch Dist Ed Fac Auth
Action: New Rating
Action: Outlook: Stable
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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.
Valley Pk Sch Dist,Valley Pk Sch Dist Ed Fac Auth