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Aliquippa School District, PA GO Debt Rating Outlook Revised To Negative From Stable On Weakening Financial Position Nov 11
Standard & Poors, Nov 2011
Abstract
BOSTON (Standard & Poor's) Nov. 22, 2011--Standard & Poor's Ratings Services has revised the outlook on its school issuer credit rating (ICR) on Aliquippa School District, Pa.'s general obligation (GO) debt to negative from stable, reflecting the continued deterioration of the district's reserve and liquidity position. Standard & Poor's has affirmed its 'BBB+' school ICR on the debt. 'Should the district's financial position weaken further or its liquidity become further constrained for any reason, or if there is further weakening of the local economy, we will likely lower the school ICR. If, on the other hand, the district restores fiscal balance, leading to at-least-adequate reserves and liquidity, we could revise the outlook back to stable,' said Standard & Poor's credit...
Companies mentioned in this report are: Aliquippa Sch Dist
Action: Affirmed
Action: Outlook: Negative
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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