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Summary: North Bolivar School District, Mississippi; School State Program Nov 11

  • ID: 2025933
  • November 2011
  • Region: Mississippi
  • Standard & Poors
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  • North Bolivar Sch Dist
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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: Affirmed
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 READ MORE >

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North Bolivar Sch Dist

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