St. Vrain Valley School District No. RE-1J, Colorado; Tax Secured, School State Program Mar 06
- ID: 2051492
- March 2006
- Region: Colorado
- Standard & Poors
Standard & Poor's Ratings Services raised its issuer credit rating (ICR) on St. Vrain Valley School District No. RE-1J, Colo.'s GO debt two notches to 'A-' from 'BBB' based on management's successful implementation of a financial recovery plan, which has resulted in a positive operating performance that eliminated a $13.8 million operating deficit, or about 12.0% of its budget, as well as the district's improving general fund equity and liquidity position with a nearly $4.0 million positive general fund balance, or 3.3% of expenditures, in fiscal 2005 compared with a nearly negative $14.0 million in fiscal 2003. In addition, fiscal 2005 operating results were significantly better than those indicated by management when the outlook was revised to positive in March...
Companies mentioned in this report are: St Vrain Vy Sch Dist #RE-1J
Action: New Rating
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Research Type: Full Analysis