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Summary: Harrisburg School District No. 41-2, South Dakota; General Obligation Oct 10 Product Image

Summary: Harrisburg School District No. 41-2, South Dakota; General Obligation Oct 10

  • Published: October 2010
  • Region: South Dakota
  • Standard & Poors

FEATURED COMPANIES

  • Harrisburg Sch Dist #41-2
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' rating to Harrisburg School District No. 41-2, S.D.'s series 2010B general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA-' rating on the district's outstanding GO debt. The outlook is stable. The rating reflects our opinion of the district's: Stable area economy and proximity to the Sioux Falls, S.D. regional economic base, Very strong wealth and income indicators, and Healthy financial operations supported by strong reserve levels. The preceding credit strengths are offset in part by our view of the district's moderately high overall net debt burden per capita, continued growth pressures, slow amortization, and elevated annual debt service carrying charges. The district will use bond proceeds...

Companies mentioned in this report are:
- Harrisburg Sch Dist #41-2

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Harrisburg Sch Dist #41-2

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