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Summary: Olivet Community Schools, Michigan; School State Program Aug 11
Standard & Poors, August 2011
Standard & Poor's Ratings Services affirmed its 'AA-' program rating and 'A+' school issuer credit rating (ICR), with a stable outlook, on Olivet Community Schools, Mich.'s general obligation (GO) debt. The 'AA-' program rating reflects the qualification of the bonds under the Michigan State Aid Intercept program. The ICR reflects our opinion of the district's own credit quality, including its: Participation in the Lansing and Battle Creek economic areas; Steady enrollment trends, directly related to state aid revenue; Good income indicators, coupled with, what we consider, strong wealth; and Strong finances. We believe the district's moderately high-to-high debt somewhat offsets these strengths. The district's full-faith-and-credit pledge secures the GO debt. Olivet Community Schools encompasses approximately 109 square miles along the...
Companies mentioned in this report are: Olivet Comnty Schs
Action: Outlook: Stable
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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.
Olivet Comnty Schs