Richland County School District No. 1, South Carolina; Tax Secured, School State Program Jun 05
- ID: 1887896
- June 2005
- Region: South Carolina
- Standard & Poors
Standard & Poor's Ratings Services raised its long-term underlying rating (SPUR) to 'AA-' from 'A+' on Richland County School District No. 1, S.C.'s GO bonds, reflecting the district's continued strong financial performance and position. Standard & Poor's also assigned its 'AA+' enhanced rating and 'AA-' SPUR to the district's series 2005A GO refunding bonds. The 'AA+' enhanced rating reflects the strength of the South Carolina State Credit Enhancement Program, which was placed on CreditWatch with negative implications on Feb. 23, 2005, following the placement of the state's bond rating on CreditWatch with negative implications. The 'AA-' SPUR reflects the district's: Deep and diverse economy, anchored by Columbia, the state capital; Strong financial performance, position, and management; and Moderate overall debt...
Companies mentioned in this report are:
- Richland Cnty Sch Dist #1
Action: New Rating
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Research Type: Full Analysis