|
|
 |
|
Viewing report
|
|
|
|
Aitkin Independent School District No. 1, Minnesota; Tax Secured, School State Program Sep 04
Standard & Poors, Sep 2004
Abstract
Standard & Poor's Ratings Services raised its rating to 'AAA' from 'AA+' on the state of Minnesota's school enhancement program, reflecting the program's strong performance, strong cash balances to cover the unlikely event of multiple school district defaults, and the absence of additional legislative action required to compel the state to cure the default. Minnesota is one of three states with Standard & Poor's-rated standing or annual appropriation programs, along with South Carolina and West Virginia. Because appropriation programs are dependent on the ability of a state to use its cash reserves to make up any debt service deficiencies, a program's rating is directly linked to the state's own credit quality. Because no additional action is required by the state...
Action: Upgraded
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: Full Analysis
|
|
|
|
