Summary: Henry, Knox, & Mercer Counties Community Unit School District No. 225, Illinois; General Obligation Feb 13
- Language: English
- Published: February 2013
- Region: Illinois
Standard & Poor's Ratings Services revised its rating outlook on Henry, Knox, and Mercer Counties Community Unit School District No. 225 (AlWood), Ill.'s previously issued general obligation (GO) debt to negative from stable. We also affirmed our 'A+' long-term rating on the debt and assigned our 'A+' long-term rating, with a negative outlook, to the district's series 2011 GO school bonds. The outlook revision is based on our view of: The district's recent trend of drawdowns in the general fund (combined educational and operations-and-maintenance funds) with another drawdown projected for fiscal 2012, and The likelihood that the district's general fund reserves could fall below a level commensurate with its current rating within the two-year parameter of the outlook. The rating...
Companies mentioned in this report are: Henry Knox & Mercer Cntys Comnty Unit Sch Dist #225
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.
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.
SHOW LESS READ MORE >
Henry Knox & Mercer Cntys Comnty Unit Sch Dist #225