Summary: Lansingburgh Central School District, New York; School State Program Feb 12

Standard & Poors, February 2012

Abstract
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating and school issuer credit rating (ICR) to Lansingburgh Central School District, N.Y.'s series 2012 general obligation (GO) school district refunding bonds. At the same time, Standard & Poor's raised its long-term rating and underlying rating (SPUR) on the district's existing debt to 'A+' from 'A'. Standard & Poor's also assigned its 'A+' school ICR to the district's existing debt. The 'A' rating had previously reflected the New York State program rating. The outlook on all ratings is stable. The 'A+' school ICR reflects our opinion of the district's: Stable local economy with access to New York state's capital region; Good income levels and adequate property values; Strong financial position,...

Companies mentioned in this report are: Lansingburgh Cent Sch Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Lansingburgh Cent Sch Dist

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