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Summary: Pewaukee School District, Wisconsin; General Obligation; Note Dec 10
Standard & Poors, December 2010
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Pewaukee School District, Wis.' bond anticipation notes (BANs) to reflect the district's investment-grade credit quality as well as its access to the long-term debt market. At the same time, Standard & Poor's affirmed its 'AA-' long-term rating and underlying rating (SPUR) on the district's outstanding debt. The outlook is stable. The ratings reflect Standard & Poor's Ratings Services' view of the district's: -Participation in the deep and diverse Milwaukee metropolitan area economy; -Very strong income and extremely strong market value per capita; -History of balanced financial operations with good unreserved fund balances; and -Low overall debt burden with rapid amortization. The BANs are payable from note proceeds set aside...
Companies mentioned in this report are: Pewaukee Sch Dist
Action: New Rating
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.
Pewaukee Sch Dist