• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: Chicago Brd of Ed, IL; Tax Secured, General Obligation Oct 05 Product Image

Summary: Chicago Brd of Ed, IL; Tax Secured, General Obligation Oct 05

  • ID: 2034185
  • October 2005
  • Standard & Poors

Abstract
The 'A+' rating on Chicago Board of Education, Ill.'s series 2005C unlimited-tax GO bonds reflects: Chicago's deep and diverse economic base; The city's growing tax base; Sound financial management and institutionalized practices, producing a long-term trend of solid operations; Successful management of a massive construction program; and Continued constituent support for board policies and reform measures resulting from improving test scores; higher enrollment, attendance, and graduation rates; and lower incidences of truancy--all of which enhance the likelihood of additional achievement. Mitigating factors include the following: The challenges related to identifying funding sources for a multibillion-dollar capital improvement program (CIP), made massive by the size of the system and years of deferred maintenance, in a restrictive debt-raising environment. Rising debt burden...

Companies mentioned in this report are:
- Chicago Brd of Ed

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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS