- Published: May 2012
- Region: United States
Adams County School District No. 172, IL Series 2009A General Obligation School Bond Rating Lowered To 'BBB-' Mar 11
- Published: March 2011
- Standard & Poors
CHICAGO (Standard & Poor's) March 7, 2011--Standard & Poor's Ratings Services has lowered its long-term rating on Adams County School District No. 172, Ill.'s series 2009A general obligation (GO) school bonds to 'BBB-' from 'BBB' due to consecutive operating deficits that have led to a persistent and growing negative cash balance position. The outlook is negative. The rating also reflects the district's: Large negative education and operating and maintenance fund balances, on a cash basis; Near depletion of working cash reserves; and Continuing revenue pressures. Tempering these weaknesses are good income levels, adequate per capita market value, and the city of Quincy's status as a regional employment center. "The negative outlook reflects our view that the district's financial operation continues...
Companies mentioned in this report are: Adams Cnty Sch Dist #172
Action: Outlook: Negative
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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SHOW LESS READ MORE >
Adams Cnty Sch Dist #172