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Summary: Allentown School District, Pennsylvania; School State Program Jan 12
Standard & Poors, January 2012
Standard & Poor's Ratings Services has assigned its 'A' long-term rating and 'A' school issuer credit rating (ICR) to Allentown School District, Pa.'s series 2012 general obligation (GO) refunding bonds and affirmed its 'A' long-term rating and 'A' school ICR on the district's existing GO debt. The outlook on the long-term rating is stable while the outlook on the school ICR is negative. The long-term rating reflects the district's eligibility for and participation in the Pennsylvania State Aid Intercept Program. The school ICR reflects our opinion of the district's: Structural imbalance in fiscals 2011 and 2012 leading to use of reserves to fund operations and the potential for continued revenue pressure; Maintenance of good reserve levels despite the drawdowns; Moderate-to-high...
Companies mentioned in this report are: Allentown Sch Dist
Action: New Rating
Action: Outlook: Stable
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Allentown Sch Dist