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Summary: Adams 12 Five Star Schools, CO; Appropriation, Appropriations; Tax Secured, General Obligation; Tax Secured, School State Program May 05 Product Image

Summary: Adams 12 Five Star Schools, CO; Appropriation, Appropriations; Tax Secured, General Obligation; Tax Secured, School State Program May 05

  • ID: 2031495
  • May 2005
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' underlying rating (SPUR) to Adams 12 Five Star Schools, Colo.'s GO refunding bonds, series 2005, and affirmed its various ratings on the district's outstanding debt. The 'AA-' standard rating is based on the security provided by Colorado's state aid intercept program. The 'AA-' SPUR reflects the district's: Expanding residential base, which participates in the strong and diverse Denver metropolitan area economy; Low class sizes, despite rapid enrollment growth; Sound financial performance and good reserve levels; and Moderate overall debt burden. These strengths are mitigated by ongoing operating pressures and capital needs resulting from increasing student enrollment. The bonds are secured by the district's full faith and credit and unlimited ad valorem taxing...

Companies mentioned in this report are:
- Adams 12 Five Star Schools

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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