Summary: Missouri Association of Rural Education Sedalia School District No. 200 (Pettis County); Appropriations; General Obligation Nov 11

Standard & Poors, November 2011

Abstract
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to Missouri Association of Rural Education's series 2011 lease refunding certificates of participation (COPs), supported by Sedalia School District No. 200 (Pettis County), reflecting a pledge of semiannual lease rental payments, which are subject to annual appropriation pursuant to the lease agreement and trust indenture securing the COPs. The district has pledged to annually appropriate lease rental payments from any legally available funds before the conclusion of its fiscal year on June 30. There will be no debt service reserve funded for the series 2011 COPs, but lease payment dates are scheduled to occur more than three months after the fiscal year-end, providing what we consider ample cushion to...

Companies mentioned in this report are:
- Sedalia Sch Dist #200 Pettis Cnty
- Missouri Assn of Rural Ed

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

- Sedalia Sch Dist #200 Pettis Cnty
- Missouri Assn of Rural Ed

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