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Summary: Christian Cnty Reorg Sch Dist #R-VI Ozark, MO; Tax Secured, School State Program Dec 05 Product Image

Summary: Christian Cnty Reorg Sch Dist #R-VI Ozark, MO; Tax Secured, School State Program Dec 05

  • Published: December 2005
  • Standard & Poors

Abstract
The 'AA+' rating on Christian County Reorganized School District No. R-VI (Ozark), Mo.'s GO refunding bonds reflects the direct deposit of portions of monthly state aid payments by the state to a bond trustee. State aid covers maximum annual program debt service more than 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, department of elementary and secondary education, health and educational facilities authority, and deposit trustee. The direct deposit agreement provides that during each of the first 10 months in each bond year, 1/10th of debt service will be deposited with the deposit trustee. The direct deposit trustee will invest these funds in investments that meet Standard & Poor's Ratings Services criteria and...

Companies mentioned in this report are: Christian Cnty R-VI Sch Dist (Ozark)
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Christian Cnty R-VI Sch Dist (Ozark)

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