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Summary: Greenville Public Schools, Michigan; General Obligation; School State Program Mar 11

  • ID: 1951926
  • March 2011
  • Region: Michigan
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Greenville Public Schools, Mich.'s unlimited-tax general obligation (GO) 2011 refunding bonds, reflecting the district's eligibility for, and participation in, the Michigan State School Bond Loan Fund Program. At the same time, Standard & Poor's assigned its 'A+' issuer credit rating (ICR) to the 2011 bonds. Standard & Poor's also affirmed its 'AA-' underlying rating on the district's parity debt, which reflects the district's eligibility for, and participation in, the Michigan State School Loan Bond Program. The outlook is stable. The 'A+' ICR also reflects our opinion of the district's: Access to the Grand Rapids, Mich., metropolitan area; Adequate income indicators; Strong reserves coupled with good financial management practices; and...

Companies mentioned in this report are: Greenville Pub Schs
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Greenville Pub Schs

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