[MLT] Summary: Berkeley County School District, South Carolina; Appropriations; School State Program Nov 11
- Language: English
- Published: November 2011
- Region: South Carolina
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to Edgar School District, Wis.' taxable general obligation (GO) refunding qualified zone academy bonds (QZABs). At the same time, we affirmed the issuer credit rating on the district and the long-term rating on the district's previously rated GO debt. The ratings reflect our view of the district's: Stable local economy, based on manufacturing and health care services; Stable enrollment, which directly affects district revenues; Good income and strong market value per capita levels; and Moderate overall net debt burden. In our opinion, the district's unreserved fund balance, which is only adequate in terms of percent of expenditures and relatively small in terms of dollar amount, tempers these strengths. The...
Companies mentioned in this report are: Edgar Sch Dist
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 >
Edgar Sch Dist