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Adams County School District No. 12, Colorado; Tax Secured, General Obligation Nov 02
Standard & Poors, Nov 2002
Abstract
The 'AA-' Standard & Poor's underlying rating (SPUR) on Adams County School District No. 12, Colo.'s GO bonds reflects the district's: Rapidly expanding residential community, which participates in the strong and diverse Denver MSA; Slightly above-average wealth and income levels; Sound financial performance despite growth-related operational pressure; Mill levy override and voter support in favor of overriding Amendment One, or the Taxpayer Bill of Rights (TABOR), limitations, which provides additional revenue; and Moderate overall debt burden. The continuation of operational pressure due to a growing student enrollment, coupled with significant future capital needs, offsets these strengths. The district's full faith and credit GO pledge secures the bonds, which are further secured by Colorado's school aid debt service withholding program. The...
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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