Summary: Christian Cnty Sch Dist R-II Nixa , MO; Tax Secured, School State Program May 06
- ID: 2048055
- May 2006
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' rating and 'A' issuer credit rating (ICR) to Christian County School District R-II (Nixa), Mo.'s GO school building bonds, series 2006. The 'AA+' rating reflects the district's participation in the Missouri Direct Deposit Program. The 'A' ICR reflects the district's: Participation in the diverse Springfield, Mo. MSA economy; Good assessed valuation (AV) growth due to strong residential growth; Strong financial position; and Moderate debt burden. These factors are offset by growth pressures and additional debt needs associated with the district's additional enrollments. The bonds are secured by the district's GO pledge. The school district (population: 19,711) is in southwestern Missouri, in Christian County, 12 miles south of Springfield. The roughly 55 square-mile...
Companies mentioned in this report are:
- Nixa Pub Schs
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >