Summary: Macon & DeWitt Counties Community Unit School District No. 1 (Argenta-Oreana), Illinois; General Obligation Aug 12
- Language: English
- Published: August 2012
- Region: Illinois
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Macon Christian De Witt etc. Counties Community College District No. 537 (Richland), Ill.'s 2010 general obligation (GO) community college bonds. Standard & Poor's also affirmed its 'AA' long-term rating on the district's outstanding obligations. The outlook is stable. The rating reflects our view of the district's: Participation in the Decatur metropolitan area economy, and access to the Champaign and Springfield metropolitan areas; Balanced financial operations, with strong reserves and significant financial flexibility; Good financial management practices; and Low overall debt burden, with rapid amortization and low carrying charges. Partially offsetting the preceding credit strengths is our view of the district's below-average economic indicators. The district's full faith and credit,...
Companies mentioned in this report are: Macon Christian Dewitt Etc Cntys Comnty Coll Dist #537 (Richland)
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 >
Macon Christian Dewitt Etc Cntys Comnty Coll Dist #537 (Richland)