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'A' Rating Assigned To Nixa Fire Protection District, MO's COPs Aug 11
Standard & Poors, Aug 2011
Abstract
CHICAGO (Standard & Poor's) Aug. 5, 2011-- Standard & Poor's Ratings Services assigned its 'A' long-term rating to the Nixa Fire Protection District, Mo.'s series 2011 certificates of participation (COPs). At the same time, Standard & Poor's assigned its 'A+' issuer credit rating (ICR) to the district. The outlook on all bonds is stable. 'The 'A' rating reflects our view that the district's annual appropriation for lease payments is sufficient to pay debt service payments,' said Standard & Poor's credit analyst Antionette Maxwell. 'The 'A+' ICR reflects our view of the district's good income levels, strong financial reserves, and moderate debt as a percent of market value,' Ms. Maxwell added. RELATED CRITERIA AND RESEARCH USPF Criteria: Appropriation-Backed Obligations, June 13,...
Companies mentioned in this report are: Nixa Fire Protect Dist
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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