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Summary: Christian County School District R-II (Nixa), Missouri; School State Program Feb 08 Product Image

Summary: Christian County School District R-II (Nixa), Missouri; School State Program Feb 08

  • ID: 2048208
  • February 2008
  • Region: Missouri
  • Standard & Poors

Abstract
The 'AA+' rating on Christian County School District R-II (Nixa), Mo.'s general obligation (GO) refunding bonds series 2008 reflects the district's participation in the Missouri Direct Deposit Program. The 'A' issuer credit rating (ICR) on the bonds reflects the district's: Participation in the diverse Springfield, Mo. metropolitan statistical area (MSA) economy; Strong financial position with above-average reserve levels; and Moderate debt burden. The challenges associated with handling a rapidly growing enrollment base lessen these factors. The district's GO pledge secures the bonds, and the district will use the proceeds to advance refund a portion of its series 1998 GO refunding and improvement bonds for interest savings. The district (estimated population: 19,711) is in southwestern Missouri, in Christian County, 12 miles...

Companies mentioned in this report are:
- Nixa Pub Schs

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

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