Summary: Richland Community College District No. 537, Illinois; General Obligation Oct 11

Standard & Poors, October 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Richland Community College District No. 537, Ill.'s series 2011 general obligation (GO) community college bonds. We affirmed the 'AA' long-term rating on the district's previously debt. The outlook is stable. The rating reflects our view of the district's: Participation in the Decatur metropolitan area economy, with access to the Champaign and Springfield metropolitan areas; Balanced financial operations, with strong reserves and significant financial flexibility; and Low overall debt burden, with moderate amortization and low carrying charges. Tempering these credit strengths are the district's adequate income level and market value per capita indicators. The district's full faith and credit, unlimited-tax GO pledge secures the bonds. The district intends to use...

Companies mentioned in this report are: Macon Christian Dewitt Etc Cntys Comnty Coll Dist #537 (Richland)
Action: Affirmed
Action: Outlook: Stable

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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.

Macon Christian Dewitt Etc Cntys Comnty Coll Dist #537 (Richland)

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