Summary: Oklahoma County Finance Authority, Oklahoma Oklahoma County (Jones Independent School District No. 9); Appropriations Aug 08
- ID: 2040230
- August 2008
- Region: Oklahoma
- Standard & Poors
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
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