Summary: Iberia Parishwide School District, Louisiana; General Obligation Jan 10

Standard & Poors, January 2010

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Iberia Parishwide School District, La.'s series 2010 general obligation (GO) school bonds. At the same time, Standard & Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's existing GO debt. The outlook is stable. The ratings reflect our view of the district's: Steady property tax base expansion, Very strong financial position, and Low overall debt levels with additional debt-financed capital needs. Factors that, in our opinion, limit the rating include the district's: Adequate income levels; and Declining student enrollment, which could result in state funding declines. An unlimited ad valorem property tax rate secures the bonds. The series 2010 bonds represent the second installment of...

Companies mentioned in this report are: Iberia Parishwide Sch Dist
Action: Affirmed
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.

Iberia Parishwide Sch Dist

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