• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Adams County School District No. 172, IL Series 2009A General Obligation School Bond Rating Lowered To 'BBB-' Mar 11 Product Image

Adams County School District No. 172, IL Series 2009A General Obligation School Bond Rating Lowered To 'BBB-' Mar 11

  • Published: March 2011
  • Standard & Poors

FEATURED COMPANIES

  • Adams Cnty Sch Dist #172
  • MORE

Abstract
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: Downgraded
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 READ MORE >

Adams Cnty Sch Dist #172

Note: Product cover images may vary from those shown

RELATED PRODUCTS