- Language: English
- Published: June 2013
- Region: Michigan
Summary: Kentwood Pub Schs, MI; General Obligation, School District Dec 98
- ID: 2059585
- December 1998
- Standard & Poors
The rating on Kentwood Public Schools, Mich.'s bonds reflects the unlimited ad valorem full faith and credit tax pledge of the district. Additional credit factors include: Participation in the manufacturing-based Grand Rapids area economy, Adequate financial performance, and Moderate debt levels. The district abuts the city of Grand Rapids and shares in its sizable manufacturing-based economy, with significant presence in the furniture, automobile parts, and consumer products industries. The largest area employers include Meijer Inc., Amway Corp., and Butterworth Hospital, with 9,500, 5,600 and 5,250 employees, respectively. The diverse employment opportunities historically have kept unemployment quite low, currently standing at only 2.34%. Woodland Mall (a large regional mall), in addition to several smaller strip malls, contribute to Kentwood's robust retail...
Companies mentioned in this report are: Kentwood Pub Schs
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.
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.
SHOW LESS READ MORE >
Kentwood Pub Schs