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Summary: Maumee City Sch Dist, OH; Tax Secured, General Obligation Jul 03

  • ID: 2031617
  • July 2003
  • Standard & Poors
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Abstract
The 'AA-' rating on Maumee City School District, Ohio's unlimited-tax GO school facilities construction and improvement bonds reflects the district's: Support of a diverse economy within the city of Maumee, Ohio with a healthy tax base and several sizable employers; Participation in the Toledo MSA; Good financial position supported by a flawless history of voter support over the past 18 years; Above-average wealth and income indicators; and Moderate debt burden with limited additional debt plans. Offsetting factors include the district's: Moderately concentrated tax base, and Largely built-out nature of the local tax base. The roughly 13 square-mile Maumee City School District is directly southwest of Toledo, Ohio ('A'/Stable GO debt rating). The majority of the district's territory is in the...

Companies mentioned in this report are:
- Maumee City Sch Dist

Action: New Rating

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- Maumee City Sch Dist

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