Outlook Revised To Stable On Columbia, Multnomah & Washington Cnty Sch Dist No. 1J, OR Bonds On Improved Finances Dec 12
- Language: English
- Published: December 2012
- Region: Washington
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
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.
Research Type: Full Analysis
St Vrain Vy Sch Dist #RE-1J