Summary: Missouri School Boards Assn. Clay County Public School District No. 53 (Liberty); Appropriations; School State Program Aug 07
- ID: 1829064
- August 2007
- Region: Missouri
- Standard & Poors
Missouri School Boards Assn.'s lease participation certificates series 2007, issued for Clay County Public School District No. 53 (Liberty), have been rated 'A'. The certificates are backed by the district's pledge to appropriate the necessary rental payments to make annual debt service requirements. The rating is one notch below the 'A+' issuer credit rating (ICR) on the district's GO bonds. The 'A+' ICR reflects the district's GO credit pledge and its: Participation in the Kansas City, Mo. MSA; Above-average income levels; and Good financial position. The challenges of handling future capital needs to accommodate the demands of growing enrollment pressures temper these credit factors. The 'AA+' ratings on the district's previously issued debt have been affirmed and reflect the district's...
Companies mentioned in this report are:
- Clay Cnty Pub Sch Dist #53 Liberty
- Missouri Sch Brds Assn
Action: New Rating
Action: Outlook: Stable
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