Kentwood Public Schools, Michigan; Tax Secured, General Obligation May 03
Standard & Poors, May 2003
Abstract
The upgrade to 'AA-' from 'A+' on Kentwood Public Schools, Mich.'s GO bonds is due to the presence of a strong management team that has controlled costs while providing quality education, and continued growth of the district's tax base. Additional credit characteristics include: A local employment base anchored by Steelcase Inc., in addition to a diverse mix of commercial and industrial employment within the district; Access to the wider Kent County economic base; Stable financial operations with sufficient reserves; and Limited capital needs going forward, with the presence of a sinking fund levy that provides the district with funding for ongoing capital maintenance. Kentwood Public Schools is located in the southeast portion of the Grand Rapids area. The district's population,...
Companies mentioned in this report are: Kentwood Pub Schs
Action: New Rating
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Research Type: Full Analysis
Kentwood Pub Schs
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