Summary: Oklahoma County Independent School District No. 1 (Putnam City Public Schools), Oklahoma; Appropriations; General Obligation Dec 11
- Language: English
- Published: December 2011
- Region: Oklahoma
Standard & Poor's Ratings Services assigned its 'A-' rating to Oklahoma County Finance Authority, Okla.'s series 2008 educational facilities lease revenue bonds, supported by Oklahoma County (Jones Independent School District No. 9). The rating reflects: The long term creditworthiness of the school district, and A pledged lease subject to annual appropriation. The long term creditworthiness of the district reflects: Inclusion in the diverse Oklahoma City, Okla., metropolitan statistical area (MSA) regional economy, coupled with sustained strong district property tax base growth; Good wealth and income; and Low overall debt levels, coupled with a rapid five-year principal amortization schedule. Offsetting factors include the district's: Declining financial position and adequate reserves; and Potential declines in state aid due to state education budgetary...
Companies mentioned in this report are: Jones Indpt Sch Dist #9-Oklahoma Cnty,Oklahoma Cnty,Oklahoma Cnty Fin Auth
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.
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.
SHOW LESS READ MORE >
Jones Indpt Sch Dist #9-Oklahoma Cnty,Oklahoma Cnty,Oklahoma Cnty Fin Auth