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Summary: Camdenton R-3 School District, Missouri; Appropriations; General Obligation; School State Program Apr 11

  • ID: 2051887
  • April 2011
  • Region: Missouri
  • Standard & Poors
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  • Camdenton R-3 Sch Dist
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Abstract
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: Affirmed
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, READ MORE >

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- Camdenton R-3 Sch Dist

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