Summary: Richland County School District No. 2, South Carolina; School State Program Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating and stable outlook to Richland County School District No. 2, S.C.'s series 2011B general obligation (GO) bonds and affirmed its 'AA' rating, with a stable outlook, on the district's existing GO debt. The rating reflects our opinion of the district's: Diverse and growing economy, which benefits from direct access to the Columbia metropolitan statistical area; Strong wealth and income indicators; Healthy, consistent property tax base growth; and Strong finances despite state aid cuts. We believe the district's moderate debt and rapid enrollment growth, which has caused expenditure pressures on capital, somewhat temper these credit strengths. Although growth has slowed in the past two years, management expects it to continue. In addition,...

Companies mentioned in this report are:
- Richland Cnty Sch Dist #2

Action: Affirmed
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.

- Richland Cnty Sch Dist #2

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