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Summary: Starpoint Central School District, New York; School State Program Jan 12 Product Image

Summary: Starpoint Central School District, New York; School State Program Jan 12

  • ID: 2040102
  • January 2012
  • Region: New York
  • Standard & Poors

Abstract
Standard & Poor's Rating Services assigned its 'AA-' long-term rating and issuer credit rating (ICR) to Starpoint Central School District, N.Y.'s refunding serial bonds series 2012. At the same time, Standard & Poor's assigned its 'AA-' ICR to the district's general obligation bonds outstanding. Furthermore, Standard & Poor's affirmed its 'AA-' underlying rating (SPUR) on the district's general obligation bonds outstanding. The outlook is stable. The 'AA-' rating reflects our opinion of the district's: Diverse and expanding local economy; Strong wealth and income levels; and Good financial performance, including a strong reserve position. The 2012 bonds are secured by the district's full faith and credit pledge. The New York State Aid Intercept program provides additional security. We understand that proceeds...

Companies mentioned in this report are: Starpoint Cent Sch Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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