Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Callaway County R-III School District (New Bloomfield), Mo.'s series 2012 general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA+' long-term rating on the district's existing debt. The outlook is stable. The rating reflects the school district's eligibility for, and participation in the Missouri Direct Deposit of State Aid Program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service...
Companies mentioned in this report are:
- Callaway Cnty R-III Sch Dist (New Bloomfield)
Action: New Rating
Action: Outlook: Stable
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