Summary: Southeast Delco School District, Pennsylvania; School State Program Dec 11
- ID: 2031150
- December 2011
- Region: Pennsylvania
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' rating and stable outlook to Southeast Delco School District, Pa.'s series 2012 general obligation (GO) bonds and affirmed its 'A' rating, with a stable outlook, on the district's existing GO debt. The rating reflects our view of the district's: Participation in the diverse Philadelphia metropolitan statistical area (MSA), Good wealth and income, Improving finances, and Moderate debt. The district's GO pledge secures the series 2012 bonds. The Pennsylvania State Aid Intercept program provides additional security. We understand officials intend to use bond proceeds to refund the remaining portion of the district's series 2006 GO bonds for economic savings. Southeast Delco School District, with an estimated population of 29,570, is in Delaware County...
Companies mentioned in this report are: Southeast Delco Sch Dist
Action: New Rating
Action: Outlook: Stable
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