Summary: Missouri Association Of Rural Education Maries County R-II School District; Appropriations; General Obligation Aug 11
Standard & Poors, August 2011
Abstract
Standard & Poor's Ratings Services assigned its 'A' rating and stable outlook to Missouri Association of Rural Education's series 2011 lease refunding and improvement certificates of participation (COPs), supported by Maries County R-II School District. At the same time, Standard & Poor's assigned its 'A+' issuer credit rating (ICR) and stable outlook to the district. The intended repayment sources for the lease COPs include all available revenue from the district's unrestricted state funding sources. The ICR reflects our view of the district's: Access to employment in the Jefferson City area economy; Good income; Good reserves, using a cash basis of accounting, despite recent declines; and Low direct debt. We believe the district's moderately concentrated property tax base somewhat limits the...
Companies mentioned in this report are:
- Maries Cnty R-II Sch Dist
- Missouri Assn of Rural Ed
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.
- Maries Cnty R-II Sch Dist
- Missouri Assn of Rural Ed
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