Snohomish County School District No.201 (Snohomish), Washington; General Obligation; School State Program Jul 08
Standard & Poors, July 2008
Abstract
Standard & Poor's Ratings Services raised its issuer credit rating (ICR) to 'AA-' from 'A+' on Snohomish County School District No. 201, Wash.'s outstanding GO bonds. The raised rating reflects the district's strong economic base and stable historical financial performance. Additionally, Standard & Poor's assigned its 'AA+' enhanced rating and 'AA-' ICR to the district's unlimited tax GO bonds, series 2008. The enhanced rating reflects the districts eligibility and participation in the Washington School Bond Guarantee Program. Additional rating factors include: A diverse and growing taxpayer base, with access to very strong jobs centers in Seattle and Bellevue; Very strong wealth and income indictors, with market value per capita at $156,555 and median household effective buying income (EBI) measuring 155%...
Companies mentioned in this report are: Snohomish Cnty Sch Dist #201 Snohomish
Action: New Rating
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.
Research Type: Full Analysis
Snohomish Cnty Sch Dist #201 Snohomish
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