Northwest Local School District, OH's Improved Finances Raise GO Debt Rating To 'A' Sep 11
- ID: 1921470
- September 2011
- Standard & Poors
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: New Rating
Action: Outlook: Stable
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