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Becker Independent School District No. 726, MN's Series 2009B Refunding Bonds Rated 'A+'; Outlook Stable Oct 09
Standard & Poors, Oct 2009
Abstract
CHICAGO (Standard & Poor's) Oct. 2, 2009--Standard & Poor's Ratings Services has assigned its 'A+' issuer credit rating (ICR) to Becker Independent School District No. 726, Minn.'s $3.09 million series 2009B general obligation (GO) school building refunding bonds. The outlook is stable. In Standard & Poor's opinion, the rating reflects the district's: Access to the deep and diverse Minneapolis-St. Paul economic base and St. Cloud's economic base; Favorable wealth and income indicators; Finances that are strong, despite reductions in reserves to bring the level in alignment with its fund balance policy; and Moderate overall debt burden, as measured against market value, coupled with rapid amortization. Tax base concentration offsets the above strengths. 'We expect that management will use the planning...
Companies mentioned in this report are: Becker Indpt Sch Dist #726
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.
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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