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Summary: Oklahoma County Independent School District No.12 (Edmond), Oklahoma; General Obligation Jul 11 Product Image

Summary: Oklahoma County Independent School District No.12 (Edmond), Oklahoma; General Obligation Jul 11

  • Published: July 2011
  • Region: Oklahoma
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating and stable outlook to Oklahoma County Independent School District No.12 (Edmond), Okla.'s series 2011 general obligation (GO) building bonds and affirmed its 'AA' long-term rating and underlying rating (SPUR), with a stable outlook, on the district's existing GO debt. The rating reflects our view of the district's: Participation in the diverse and expanding Oklahoma City metropolitan statistical area (MSA) economy; Strong financial performance, including the maintenance of, what we consider, good reserves; and Low overall debt levels, coupled with, what we regard as, rapid principal amortization. We believe growth-driven operating and capital pressure precludes a higher rating. An unlimited ad valorem tax on all taxable property within the district secures...

Companies mentioned in this report are:
- Oklahoma Cnty Indpt Sch Dist No 12 Edmond

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

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- Oklahoma Cnty Indpt Sch Dist No 12 Edmond

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