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Summary: Independence School District, Missouri; Appropriations; General Obligation; School State Program Aug 11 Product Image

Summary: Independence School District, Missouri; Appropriations; General Obligation; School State Program Aug 11

  • Published: August 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' enhanced program rating and 'AA-' school issuer credit rating (ICR), and stable outlook, to Independence School District, Mo.'s series 2011B general obligation (GO) refunding bonds and affirmed its 'AA+' enhanced program rating and 'AA-' school ICR, with a stable outlook, on the district's existing GO debt. Standard & Poor's also affirmed its 'A+' long-term rating and underlying rating (SPUR), with a stable outlook, on the district's lease participation certificates, subject to annual appropriation. The 'AA+' enhanced rating reflects the district's participation in the Missouri Direct Deposit of State Aid program. The 'AA-' school ICR reflects our view of the district's: Participation in the diverse Kansas City, Mo. metropolitan area economy; Good income...

Companies mentioned in this report are: Independence Sch Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Independence Sch Dist

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