Summary: Iberia Parishwide School District, Louisiana; General Obligation Feb 11

Standard & Poors, February 2011

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating, and stable outlook, to Iberia Parishwide School District, La.'s series 2011 general obligation (GO) school bonds and affirmed its 'A+' long-term rating and underlying rating (SPUR), with a stable outlook, on the district's existing GO debt. The rating reflects our view of the district's: Steady property tax base expansion, Good income levels, and Very strong financial position. Our view of the district's declining student enrollment, which could result in state funding declines, limits the rating. An unlimited ad valorem property tax rate secures the bonds. The series 2011 bonds represent the fourth and final installment of a $60 million bond program authorized in October 2009. Management plans to use part...

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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