Outlook Revised To Negative On Edgar, Coles & Clark Counties Community Unit School District No.3 (Kansas), IL GO Bonds Oct 12
- Language: English
- Published: October 2012
- Region: Kansas
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
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