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Summary: Hilliard City School District, Ohio; General Obligation; Note Jun 09 Product Image

Summary: Hilliard City School District, Ohio; General Obligation; Note Jun 09

  • Published: June 2009
  • Region: Ohio
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Hilliard City School District, Ohio's series 2009 unlimited-tax general obligation (GO) bond anticipation notes (BANS). The rating reflects the district's: Good credit quality with a long-term rating of 'AA'; and History of market access. The series 2009 BANS are an unlimited-tax GO of the district and are scheduled to mature Dec. 1, 2009, although the district anticipates refunding this issue with long-term debt in September. Standard & Poor's also affirmed the 'AA' long-term rating and the 'AA' underlying rating (SPUR) on the district's GO bonds. The rating reflects the following characteristics: The district's participation in the deep and diverse Columbus metropolitan area economy; Strong wealth and very strong income...

Companies mentioned in this report are:
- Hilliard City Sch Dist

Action: Affirmed
Action: Outlook: Stable

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- Hilliard City Sch Dist

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