|
|
 |
|
Viewing report
|
|
|
|
Bethlehem Area School District, PA 'A' Rating Placed On Watch Negative On Potential Acceleration Of Variable-Rate Debt Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 15, 2011--Standard & Poor's Ratings Services has placed its 'A' underlying rating (SPUR) on Bethlehem Area School District, Pa.'s general obligation (GO) bonds on CreditWatch with negative implications. Standard & Poor's based the 'A' SPUR on its assessment of the school district's eligibility for, and participation in, the Pennsylvania State Aid Intercept Program. 'The CreditWatch placement reflects our view of the uncertainty related to whether the district can meet the program's coverage requirements given the current amount of variable-rate debt and the potential acceleration of that debt if an event of default occurs,' said Standard & Poor's credit analyst Hilary Sutton. The district has three large variable-rate notes that Standard & Poor's does not...
Companies mentioned in this report are: Bethlehem Area Sch Dist
Action: On CreditWatch:Negative
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.
|
|
|
|
