Summary: Knox County Community Unit School District No. 202 (Knoxville), Illinois; General Obligation Aug 09
- ID: 1829800
- August 2009
- Region: Illinois
- Standard & Poors
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
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