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Allentown School District, PA ICR Outlook Revised To Negative Due Structural Imbalance Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 2, 2011--Standard & Poor's Ratings Services said it revised its outlook on Allentown School District, Pa.'s issuer credit rating (ICR) to negative from stable. The ICR is 'A'. 'The outlook revision is due to two years of structural imbalance resulting from sharp reductions in state and federal aid,' said Standard & Poor's credit analyst Lindsay Wilhelm. At the same time, Standard & Poor's affirmed its 'A' underlying rating (SPUR), with a stable outlook, on the district's general obligation (GO) debt. The rating reflects the district's continued eligibility for, and participation in, the Pennsylvania State Aid Intercept Program. Standard & Poor's also assigned its 'A' long-term rating and stable outlook and 'A' ICR and negative...
Companies mentioned in this report are: Allentown Sch Dist
Action: Affirmed
Action: New Rating
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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