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Adams County School District No. 12, Colorado; Tax Secured, General Obligation; Tax Secured, School State Program Jun 03
Standard & Poors, June 2003
Abstract
The 'AA-' enhanced rating on Adams County School District No. 12, Colo.'s series 2003A GO refunding bonds reflects the state aid withholding provision created under Colorado Revised Statutes, Section 22-41-110. The program requires the paying agent to notify the state treasurer if the agent has not received a debt service payment by the business day before the due date. If the school district does not make the full payment, the state treasurer will forward to the paying agent the amount necessary in immediately available funds to be applied only to debt service, as long as the school district remains eligible to receive state equalization program funds under Colorado's public school finance law. Subsequently, the state will withhold up to 12...
Companies mentioned in this report are: Adams 12 Five Star Schools
Action: New Rating
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: Full Analysis
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