• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Jesup Community School District, Iowa; General Obligation Jan 12 Product Image

Summary: Jesup Community School District, Iowa; General Obligation Jan 12

  • ID: 2040367
  • January 2012
  • Region: Iowa
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to Jesup Community School District, Iowa's series 2012 general obligation (GO) school refunding bonds. The outlook is stable. The rating reflects our view of the district's: Participation in the Waterloo-Cedar Falls area economy and access to the Cedar Rapids metropolitan area; Good income levels and strong market value per capita; Increasing enrollment, with continued growth projected; and Low overall debt burden coupled with rapid amortization. The preceding credit strengths are offset in part, in our view, by the district's thin reserves on a nominal basis, albeit good as a percentage of expenditures, and a trend of depleting reserves. The district's unlimited-tax GO pledge secures the bonds. The district will...

Companies mentioned in this report are:
- Jesup Comnty Sch Dist

Action: New Rating
Action: Outlook: Stable

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 READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS