• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: Iberia Parishwide School District, Louisiana; General Obligation Jan 09 Product Image

Summary: Iberia Parishwide School District, Louisiana; General Obligation Jan 09

  • ID: 1825464
  • January 2009
  • Region: Iberia, Louisiana
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services raised its underlying rating (SPUR) on Iberia Parishwide School District, La.'s general obligation (GO) debt to 'A+' from 'A-' based on the maintenance of strong financial reserves and continued expansion of the property tax base. In addition, Standard & Poor's assigned its 'A+' standard long-term rating to the district's $7 million series 2009 GO school bonds. The ratings reflect our view of the district's: Steady tax base expansion and strong performance of sales tax collections, Very strong financial position; and Low overall debt levels and modest future capital needs. Factors that, in our opinion, limit the rating include the district's: Wealth and income levels below the national average; and Declining student enrollment, which can result...

Companies mentioned in this report are:
- Iberia Parishwide Sch Dist

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 READ MORE >

Note: Product cover images may vary from those shown

- Iberia Parishwide Sch Dist

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS