Summary: Greenville County School District, South Carolina; Appropriations; School State Program Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to Greenville County School District, S.C.'s series 2011 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 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. The ratings reflect our opinion of the district's: Growing and diverse local economy; Sizable and diverse property tax base with, what we consider, good wealth and income; Solid finances...

Companies mentioned in this report are:
- Greenville Cnty Sch Dist
- Best Corp.

Action: Affirmed
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.

- Greenville Cnty Sch Dist
- Best Corp.

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