Summary: St Louis County R-III School District (Pattonville), Missouri; General Obligation; School State Program Dec 11
- Language: English
- Published: December 2011
- Region: Missouri
Standard & Poor's Rating Services assigned its 'AA-' long-term rating to St. Louis County School District (Maplewood-Richmond Heights), Mo.'s general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'AA-' long-term and underlying rating (SPUR) on the district's outstanding debt. The outlook on all ratings is stable. The 'AA-' rating reflects our opinion of the district's: Participation in the St. Louis, Mo., metropolitan statistical area (MSA) regional economy; Good income levels, coupled with very strong wealth level measured on a per capita basis; Strong financial reserves on a cash basis of accounting; and Moderate overall net debt burden with limited future capital needs. An offsetting factor to the district's strengths is the declining assessed valuation (AV) that...
Companies mentioned in this report are: St. Louis Cnty Sch Dist (Maplewood-Richmond Hgts)
Action: New Rating
Action: Outlook: Stable
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St. Louis Cnty Sch Dist (Maplewood-Richmond Hgts)