Richland County School District No. 1, SC's Strong Finances Drive Outlook Revision to Positive Sep 03
- ID: 1887467
- September 2003
- Standard & Poors
NEW YORK (Standard & Poor's) Sept. 4, 2003--Standard & Poor's Ratings Services revised its outlook on Richland County School District No. 1, S.C.'s GO debt outstanding to positive from stable based on the expectation that the area economy will continue to grow and diversify. At the same time, Standard & Poor's also assigned its 'A+' Standard & Poor's underlying rating (SPUR), and positive outlook, to the district's $293 million series 2003 GO bonds, which are scheduled to sell on Sept. 9. The rating agency also affirmed its 'A+' SPUR on the district's GO debt outstanding. "The outlook revision also reflects management's continued ability to effectively handle state aid reductions and manage the increasing debt levels from this bond referendum without...
Companies mentioned in this report are:
- Richland Cnty Sch Dist #1
Action: New Rating
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.