Summary: Osage County R-II School District, Missouri; School State Program Oct 11

Standard & Poors, October 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating and stable outlook to Osage County R-II School District, Mo.'s series 2011 general obligation (GO) refunding bonds and affirmed its 'AA+' rating, with a stable outlook, on the district's existing GO debt. The 'AA+' rating reflects the district's eligibility for, and participation in, the Missouri Direct Deposit of State Aid program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service at least 1.5x. The district has...

Companies mentioned in this report are: Osage Cnty R-II Sch Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Osage Cnty R-II Sch Dist

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