Wilkes County School District, GA's Series 2011 GO Refunding Bonds Rated 'A'; Outlook Stable Dec 11

Standard & Poors, December 2011

Abstract
BOSTON (Standard & Poor's) Dec. 14, 2011--Standard & Poor's Ratings Services has assigned its 'AA+' long-term rating and 'A' school issuer credit rating (ICR) to Wilkes County School District, Ga.'s $9.44 million series 2011 general obligation (GO) refunding bonds. The outlook is stable. The 'A' school ICR reflects Standard & Poor's view of the district's: Somewhat limited local economy, with access to Athens and Augusta, Ga., for employment opportunities; Adequate income levels and very strong per capita market valuation; Very strong financial position, somewhat offset by the district's recent history of inconsistent financial results and its exposure to potential state aid cuts; and Low debt burden. "We expect that the district will maintain strong reserves despite continued recessionary pressure," said...

Companies mentioned in this report are: Wilkes Cnty Sch Dist
Action: New Rating
Action: Outlook: Stable

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Wilkes Cnty Sch Dist

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