Summary: Greenville County School District, South Carolina; Appropriations; General Obligation; School State Program Aug 10
- ID: 1886500
- August 2010
- Region: South Carolina
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Greenville County School District, S.C.'s series 2010, 2010A, 2010C, and 2010D general obligation (GO) bonds and affirmed its 'AA+' long-term rating, with a stable outlook, on the district's existing GO debt. Standard & Poor's also affirmed its 'AA' long-term rating and underlying rating (SPUR), with a stable outlook, on BEST Corp., S.C.'s installment-purchase revenue bonds, supported by the district, reflecting the district's general creditworthiness as the buyer and the contractual provisions that include an absolute, unconditional payment provision subject to annual appropriation. In our opinion, the ratings reflect the district's: Growing and diverse local economy; Healthy, consistent growth in a diverse property tax base; Good wealth...
Companies mentioned in this report are:
- Greenville Cnty Sch Dist
- Best Corp.
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.
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. SHOW LESS READ MORE >