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 previously issued debt. The outlook 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 growth in assessed value (AV); Improved financial position, including maintenance of strong reserves; and Moderate overall net debt burden with limited future capital needs. The 'AA-' rating on the district's previously issued debt reflects its participation in the Missouri Direct Deposit Program. The series 2010D bonds are secured by an...
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)