Summary: Jesup Community School District, Iowa; General Obligation Jan 12
- ID: 2040367
- January 2012
- Region: Iowa
- Standard & Poors
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
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