- Published: May 2012
- Region: New Jersey, United States
Summary: River Valley Community School District, Iowa; General Obligation Mar 12
- Published: March 2012
- Region: Iowa
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'A+' rating to River Valley Community School District (River Valley CSD), Iowa's series 2012 general obligation (GO) school refunding bonds. The outlook is stable. The rating reflects our view of the district's: Stable agriculture-based local economy and access to larger employment bases in the Sioux City area; Good income levels and extremely strong market value per capita; Strong reserves despite recent drawdowns, although they are low nominally; and Low debt burden and rapid amortization. Partially offsetting these strengths, in our view, are River Valley CSD's decreasing enrollment trend, which is directly tied to state aid, a trend of operating deficits; and the lack of long-term financial polices. The district's unlimited-tax GO pledge...
Companies mentioned in this report are: River Vy 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 >
River Vy Comnty Sch Dist