Standard & Poor's Ratings Services has affirmed its 'A+' school issuer credit rating (ICR) on Camdenton R-3 School District, Mo.'s outstanding general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'A' underlying rating (SPUR) on the district's lease-backed debt, which is rated one notch below the GO debt due to the annual appropriation risk associated with the leases. Standard & Poor's also affirmed its 'AA+' long-term rating on the district's outstanding GO debt, reflecting participation in the Missouri Direct Deposit Program. The 'A+' school ICR reflects our view of the district's: Seasonal and tourist-based local economy, with a growing permanent residence population; Deep tax base with extremely strong wealth levels; Strong reserves, as measured on a...
Companies mentioned in this report are:
- Camdenton R-3 Sch Dist
Action: Outlook: Stable
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