Standard & Poor's Ratings Services assigned its 'A+' rating and stable outlook to Mars Area School District, Pa.'s series 2012 general obligation (GO) bonds and affirmed its 'A+' rating, with a stable outlook, on the district's existing GO debt. The rating reflects our view of the district's: Access to the employment markets of the Pittsburgh metropolitan statistical area (MSA); Continuing residential development and property tax base growth; Sizable and very diverse tax base with, what we view as, very strong wealth; and Conservative budgeting practices that have contributed to, what we consider, healthy finances and the maintenance of very strong reserves. We believe what we consider the district's high debt and exposure to swaps somewhat constrain the rating. The district's...
Companies mentioned in this report are:
- Mars Area Sch Dist
Action: New Rating
Action: Outlook: Stable
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