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Summary: Cuba-Rushford Central School District, New York; School State Program Mar 12
Standard & Poors, March 2012
Standard & Poor's Ratings Services assigned its 'A+' issuer credit rating (ICR) to Cuba-Rushford Central School District, N.Y.'s 2012 school district refunding general obligation (GO) bonds, and affirmed its 'A+' rating on the district's GO debt outstanding. The outlook is stable. The ICR reflects our view of the district's: Adequate income, coupled with strong market value per capita; Strong financial performance with very strong reserves; and Low debt burden with manageable capital needs. These strengths are partially mitigated by the somewhat limited employment base and projected continued financial drawdowns. The district's full faith and credit GO pledge secures the bonds. The New York State Aid Intercept program, under section 99-b of the finance law, provides additional security and serves as...
Companies mentioned in this report are: Cuba-Rushford Cent Sch Dist
Action: New Rating
Action: Outlook: Stable
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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.
Cuba-Rushford Cent Sch Dist