Standard & Poor's Ratings Services assigned its 'A' long-term rating, and stable outlook, to Missouri School Boards Association's series 2011 lease participation certificates, issued on behalf of Newton County R-V School District (Neosho). The rating reflects the district's pledge of semiannual lease rental payments, which are subject to annual appropriation pursuant to the lease agreement and trust indenture. The district has pledged to annually appropriate lease rental payments from any legally available funds before the conclusion of its fiscal year on June 30, which is more than three months in advance of the following April and October lease payment dates. At the same time, Standard & Poor's affirmed its 'AA+' long-term and underlying (SPUR) ratings on the district's outstanding debt...
Companies mentioned in this report are:
- Newton Cnty R-V Sch Dist (Neosho)
- Missouri Sch Brds Assn
Action: New Rating
Action: Outlook: Stable
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