- Language: English
- Published: August 2012
- Region: Minnesota
Summary: New London-Spicer Independent School District No. 345, Missouri; School State Program Sep 11
- ID: 1925047
- September 2011
- Region: Missouri
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating on New London-Spicer Independent School District No. 345, Minn.'s series 2011B general obligation (GO) refunding bonds, reflecting our opinion of the district's eligibility for and participation in Minnesota's School District Credit Enhancement Program, which provides the security of a standing appropriation from Minnesota's general fund in the event of a school district debt payment default. Standard & Poor's also affirmed its 'AAA' long-term rating on the district's previously issued bonds. Standard & Poor's rates four different types of state programs, in more than 20 states, that provide enhancement for school bond issues. These program types include state guarantee, permanent fund, standing or annual appropriation, and state intercept or withholding...
Companies mentioned in this report are: New London-Spicer Indpt Sch Dist #345
Action: New Rating
Action: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
New London-Spicer Indpt Sch Dist #345