• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Valparaiso Park & Recreation District, IN 'A-' Series 2004 Refunding Bond Rating Affirmed, Off Watch Aug 11 Product Image

Valparaiso Park & Recreation District, IN 'A-' Series 2004 Refunding Bond Rating Affirmed, Off Watch Aug 11

  • Published: August 2011
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Aug. 4, 2011--Standard & Poor's Ratings Services affirmed its 'A-' underlying rating (SPUR) on Valparaiso Park & Recreation District, Ind.'s series 2004 refunding bonds, issued for Valparaiso, Ind., and removed the rating from CreditWatch with developing implications where it was placed on March 31, 2011. The outlook is stable. Although the rating remains 'A-', the rating now reflects Standard & Poor's special tax criteria. "We believe the district will likely continue to monitor its golf course and training center revenue and operations closely to maintain, what we consider, at least adequate debt service coverage on its series 2004 bonds," said Standard & Poor's credit analyst Daniel Zuccarello. "To the extent debt service coverage declines below...

Companies mentioned in this report are: Valparaiso Pk & Recre Dist,Valparaiso
Action: Affirmed
Action: Outlook: Stable
Action: Removed From CreditWatch

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

Valparaiso Pk & Recre Dist,Valparaiso

Note: Product cover images may vary from those shown

RELATED PRODUCTS