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Summary: St. Clair County School District R-III (Lakeland), Missouri; School State Program Sep 11 Product Image

Summary: St. Clair County School District R-III (Lakeland), Missouri; School State Program Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating and stable outlook to St. Clair County School District R-III (Lakeland), Mo.'s series 2011 general obligation (GO) refunding bonds and affirmed its 'AA+' rating, with a stable outlook, on the district's existing GO debt. The rating reflects the district's eligibility for, 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...

Companies mentioned in this report are: St Clair Cnty Sch Dist R-III Lakeland
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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St Clair Cnty Sch Dist R-III Lakeland

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