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Summary: Jefferson County School District R-1 Northwest, Missouri; School State Program Jun 08 Product Image

Summary: Jefferson County School District R-1 Northwest, Missouri; School State Program Jun 08

  • Published: June 2008
  • Region: Missouri
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AA+' long term enhanced rating and stable outlook to Jefferson County School District R-1 Northwest, Mo.'s series 2008 GO bonds. The 'AA+' rating reflects the school district's eligibility and participation in the Missouri Direct Deposit of State Aid Program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service at least 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, department of...

Companies mentioned in this report are: Jefferson Cnty Sch Dist #R-1 Northwest
Action: New Rating

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Jefferson Cnty Sch Dist #R-1 Northwest

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