Summary: Henry, Knox, and Mercer Counties Community Unit School District No. 225 (AlWood), Illinois; General Obligation Dec 11

Standard & Poors, December 2011

Abstract
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: Affirmed
Action: Outlook: Negative

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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.

Henry Knox & Mercer Cntys Comnty Unit Sch Dist #225

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