Standard & Poor's Ratings Services raised its underlying rating (SPUR) on Sodus Central School District, N.Y.'s series 2002 general obligation (GO) school district bonds one notch to 'A+' from 'A' based on its opinion of the district's underlying credit strength. The outlook is stable. The previous 'A' SPUR was based solely on the security provided by the New York State Aid Intercept Program. At the same time, Standard & Poor's assigned its 'A+' long-term rating and school issuer credit rating (ICR) and stable outlook to the district's series 2012 GO school district refunding bonds and series 2002 existing GO bonds. The ratings reflect our opinion of the district's: Good income indicators, Consistently good finances, and Low debt with limited additional...
Companies mentioned in this report are: Sodus Cent Sch Dist
Action: New Rating
Action: Outlook: Stable
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