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Summary: Jasper County R-1 School District (Carl Junction), Missouri; School State Program Jan 11 Product Image

Summary: Jasper County R-1 School District (Carl Junction), Missouri; School State Program Jan 11

  • Published: January 2011
  • Region: Missouri
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating, and stable outlook, to Jasper County R-1 School District (Carl Junction), Mo.'s series 2011 general obligation (GO) refunding bonds and affirmed its 'AA+' rating, with a stable outlook, on the district's existing GO debt. The rating reflects the school district's eligibility for, and participation in, the Missouri Direct Deposit of State Aid program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service at least 1.5x. The...

Companies mentioned in this report are:
- Jasper Cnty R-I Sch Dist (Carl Junction)

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Jasper Cnty R-I Sch Dist (Carl Junction)

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