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
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