- Published: May 2012
Summary: West Des Moines Community School District, Iowa; General Obligation Apr 11
- Published: April 2011
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to West Des Moines Community School District, Iowa's series 2011 general obligation (GO) school capital loan notes. Standard & Poor's also affirmed its 'AA+' rating on the district's GO debt outstanding. The outlook is stable. The rating reflects our view of the district's: Status as an employment and residential center for the entire Des Moines metropolitan area; Participation in the stable, deep, and diverse Des Moines MSA employment base; Strong financial position despite a recent use of reserves; Prudent financial management policies and practices; and Moderate per capita debt burden including overlapping debt, with rapid amortization. Partially offsetting the preceding credit strengths is our view of the district's future capital...
Companies mentioned in this report are: West Des Moines Comnty Sch Dist
Action: New Rating
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, 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 >
West Des Moines Comnty Sch Dist
|Electronic||The report will be emailed to you.|