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Summary: Garnet Valley School District, Pennsylvania; School State Program Feb 12 Product Image

Summary: Garnet Valley School District, Pennsylvania; School State Program Feb 12

  • ID: 2052911
  • February 2012
  • Region: Pennsylvania
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating and school issuer credit rating (ICR) to Garnet Valley School District, Pa.'s series 2012 general obligation (GO) bonds and affirmed its 'AA' ratings on the district's existing GO debt. The outlook on all the ratings is stable. The ratings reflect our view of the district's: Status as a growing residential economy, with access to the Philadelphia and Wilmington job markets and employment opportunities throughout Delaware County; Very strong local economic indicators; Good financial management contributing to a history of strong fund balance reserves; and Moderate-to-high debt burden with limited additional capital needs. The district's full faith and credit pledge secures the bonds. The Pennsylvania State Aid Intercept program provides...

Companies mentioned in this report are: Garnet Vy Sch Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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