- Published: May 2012
- Region: New Jersey, United States
Summary: Northwest Local School District (Stark, Summit & Wayne Counties), Ohio; School State Program Dec 11
- Published: December 2011
- Region: Ohio
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'A' school issuer credit rating (ICR) and 'AA' program rating to Northwest Local School District (Stark, Summit & Wayne Counties), Ohio's series 2012 unlimited-tax general obligation (GO) refunding bonds. We also affirmed the 'A' school ICR and 'AA' program rating on the district's previously issued bonds. The enhanced rating reflects our view of the district's eligibility for, and participation in, the Ohio credit enhancement program. The program provides school bonds with added security from a state aid withholding mechanism that has strong statutory provisions. Upon state approval, the agreement between the state and local school district for participation in the program is irrevocable, as long as any program debt is outstanding. The...
Companies mentioned in this report are: Northwest Local Sch Dist (Stark, Summit & Wayne Cntys)
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Northwest Local Sch Dist (Stark, Summit & Wayne Cntys)