Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to North Bolivar School District, Miss.' series 2011 state aid capital improvement refunding bonds. Standard & Poor's also affirmed its 'AA-' long-term rating on the district's parity general obligation (GO) debt. The outlook on all bonds is stable. The rating reflects the school district's eligibility for, and participation in, the Mississippi State Aid Intercept Program. The program was created under the state's Accountability and Adequate Education Program Act of 1997, which allows school districts to authorize the state board of education to withhold some of the district's Mississippi adequate education program (MAEP) funds and pledge them for debt service on capital improvement bonds. State funds are deposited directly to a...
Companies mentioned in this report are: North Bolivar Sch Dist
Action: New Rating
Action: Outlook: Stable
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