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Summary: Adams County School District No. 172, Illinois; General Obligation Mar 11 Product Image

Summary: Adams County School District No. 172, Illinois; General Obligation Mar 11

  • Published: March 2011
  • Standard & Poors

FEATURED COMPANIES

  • Adams Cnty Sch Dist #172
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Abstract
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 rating also reflects the district's: Large negative education and operating and maintenance (O&M) 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 district (estimated population, 51,000) is a K-12 district in Adams County and is made up primarily of Quincy and surrounding...

Companies mentioned in this report are: Adams Cnty Sch Dist #172
Action: Downgraded
Action: Outlook: Negative

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Adams Cnty Sch Dist #172

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