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Summary: Atlantic City Board Of Education, New Jersey; Appropriations; School State Program Feb 11 Product Image

Summary: Atlantic City Board Of Education, New Jersey; Appropriations; School State Program Feb 11

  • Published: February 2011
  • Standard & Poors

FEATURED COMPANIES

  • Atlantic City Brd Of Ed
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Abstract
Standard & Poor's Ratings Services assigned its 'AA' enhanced program rating and 'A+' school issuer credit rating (ICR), and stable outlook, to Atlantic City Board of Education, N.J.'s series 2011 general obligation (GO) school bonds and affirmed its 'AA' enhanced program rating and 'A+' ICR, with a stable outlook, on the district's existing GO debt. Standard & Poor's also affirmed its 'A' rating, with a stable outlook, on the district's certificates of participation (COPs). The 'AA' rating reflects the additional security provided by the New Jersey Fund for the Support of Free Public Schools. The ICR reflects our view of the board's: Strong financial position, characterized by increasing reserves; Substantial property tax base that has shown steady growth but exhibits...

Companies mentioned in this report are: Atlantic City Brd Of Ed
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Atlantic City Brd Of Ed

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