Summary: Henry, Knox, & Mercer Counties Community Unit School District No. 225, Illinois; General Obligation Feb 13
- Language: English
- Published: February 2013
- Region: Illinois
Standard & Poor's Ratings Services assigned its 'A' rating and stable outlook to Knox County Community Unit School District No. 202 (Knoxville), Ill.'s series 2009 general obligation limited tax-debt certificates, reflecting the school district's: Good income levels and adequate market value per capita; Limited local economy with peripheral access to employment opportunities in Peroia, and the Quad Cities in Illinois and Iowa; Good financial management practices that have led to very strong general fund reserves; and Low debt burden with no debt plans. Offsetting these strengths is the district's limited taxing flexibility. The bonds are secured by the district's corporate pledge to pay debt service. Bond proceeds will be used to fund a building expansion that will add four classrooms,...
Companies mentioned in this report are: Knox Cnty Comnty Unit Sch Dist #202 Knoxville
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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.
SHOW LESS READ MORE >
Knox Cnty Comnty Unit Sch Dist #202 Knoxville