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Summary: Souderton Area School District, Pennsylvania; General Obligation Apr 09
Standard & Poors, April 2009
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Souderton Area School District, Pa.'s series 2009 general obligation (GO) bonds. The rating reflects the district's: Stable local economic base, highlighted by its high wealth, consistent property tax base growth, and participation in the greater Philadelphia regional employment base; Strong overall financial position, highlighted by its strong unreserved levels, strong history of tax collections, and strong cash balance in the capital reserve fund; and Moderate debt burden with very limited additional capital needs. The district's full faith and credit pledge secures the bonds; and the bonds are payable from tax and other general revenues, which include, but are not limited to, ad valorem taxes levied on all...
Companies mentioned in this report are: Souderton Area Sch Dist
Action: New Rating
Action: Outlook: Stable
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Souderton Area Sch Dist