Standard & Poor's Ratings Services assigned its 'AA' standard long-term rating, and stable outlook, to Oklahoma County Independent School District No. 12 (Edmond), Okla.'s series 2007 GO building bonds and affirmed its 'AA' standard long-term rating and Standard & Poor's underlying rating (SPUR), with a stable outlook, on the district's preexisting GO debt. The ratings reflect the district's: Inclusion in the diverse Oklahoma City MSA, which helps fuel its steady property tax base growth; Above-average wealth and income levels; Sound financial management despite state restrictions on reserves, which were raised in July 2005 based on the size of each district's budget; and Below-average overall debt levels, coupled with rapid principal retirement and significant, though manageable, capital needs. The district's increasing,...
Companies mentioned in this report are:
- Oklahoma Cnty Indpt Sch Dist No 12 Edmond
Action: New Rating
Action: Outlook: Stable
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