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

  • ID: 1921470
  • September 2011
  • Standard & Poors
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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

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.

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

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