Summary: Mobile Public Educational Building Authority, Alabama Mobile County Board Of School Commissioners; Appropriations; General Obligation Aug 11

Standard & Poors, August 2011

Abstract
Standard & Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR) on Mobile County Board of School Commissioners, Ala.'s outstanding general obligation (GO) debt and its 'A+' SPUR on Mobile Public Educational Building Authority, Ala.'s outstanding lease revenue debt. The outlook on all ratings is stable. The rating reflects our view of the board's: Large tax base and diverse local economy, Strong wealth and good income levels, and Low overall net debt. Partially offsetting these strengths, in our view, are the board's extended amortization schedule and fluctuations in general fund reserves. A limited ad valorem tax imposed within county limits secure the GO bonds, and the lease revenue bonds are subject to annual lease renewal between the board and the...

Companies mentioned in this report are: Mobile Cnty Brd of Sch Commissioners,Mobile Pub Educl Bldg Auth
Action: Affirmed
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.

Mobile Cnty Brd of Sch Commissioners,Mobile Pub Educl Bldg Auth

Customers who bought this item also bought

• United Kingdom Defence and Security Report Q1 2013
• Governments Canada 2012 Edition
• Redesigning the Public Library Building
• eLEARNING - Global Strategic Business Report
• Governments Canada 2013 Edition
• Building Library 3.0: Issues in Creating a Culture of Participation
• Special Service & Homeland Security Vehicle Manufacturing in North America
• Multinationals & Mobility: Think Global; Act Global
• 2009 Public Sector - UK Key Corporate Changes
• Special Libraries as Knowledge Management Centres