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

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

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- Iberia Parishwide Sch Dist

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