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Adams County School District No. 12, Colorado; Tax Secured, General Obligation Feb 01
Standard & Poors, Feb 2001
Abstract
The Standard & Poor's underlying rating (SPUR) upgrade on Adams County School District No. 12, Colo.'s GO bonds reflects the district's strong community support and additional financial flexibility provided by a recently approved bond authorization, coupled with a mill levy override and voter support in favor of overriding Amendment One, or the Tax Payer Bill of Rights (TABOR), limitations. Other rating factors include: A rapidly expanding bedroom community participating in the strong and diverse Denver MSA, The GO pledge of the district, coupled with additional support under the state's intercept program; Solid financial performance; Average wealth levels; and Moderately high debt levels fueled by strong enrollment growth. The district, located in northern Adams County (population 142,800), is the largest school...
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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