• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Greater Johnstown School District, Pennsylvania; School State Program Nov 11
Standard & Poors, November 2011
Standard & Poor's Ratings Services has assigned its 'A' long-term rating and school issuer credit rating (ICR) to Greater Johnstown School District, Pa.'s general obligation (GO) refunding notes and federally taxable notes, series 2011A and 2011B, respectively. The outlook is stable. The rating reflects our view of the district's: Healthy financial performances contributing to its consistently very strong general fund reserve levels; Moderate debt burden on a per capita basis, with limited capital needs; and Very diverse tax base. We believe that the above strengths are constrained by: The limitations of the local economy, coupled with adequate but below average income levels; and Low-to-moderate risk associated with the district's basis cap swap transaction. The full faith and credit pledge of...
Companies mentioned in this report are: Greater Johnstown Sch Dist
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.
Greater Johnstown Sch Dist