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Northwest Local School District, OH's Improved Finances Raise GO Debt Rating To 'A' Sep 11 Product Image

Northwest Local School District, OH's Improved Finances Raise GO Debt Rating To 'A' Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Sept. 19, 2011--Standard & Poor's Ratings Services raised its school issuer credit rating (ICR) on Northwest Local School District (Stark, Summit & Wayne Counties), Ohio's general obligation (GO) bonds one notch to 'A' from 'A-'. The outlook is stable. The upgrade reflects Standard & Poor's opinion of the district's improved finances. At the same time, Standard & Poor's assigned its 'AA' program rating and 'A' school ICR and stable outlook to the district's $10.436 million series 2011 unlimited-tax GO refunding bonds. The rating service also affirmed its 'AA' program rating, with a stable outlook, on the parity GO bonds. "We believe district officials will likely continue to monitor finances closely to maintain balanced general fund...

Companies mentioned in this report are: Northwest Local Sch Dist (Stark, Summit & Wayne Cntys)
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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Northwest Local Sch Dist (Stark, Summit & Wayne Cntys)

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