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Summary: Kane County Community Unit School District No. 304 (Geneva), Illinois; General Obligation Oct 11
Standard & Poors, October 2011
Standard & Poor's Ratings Services assigned its 'AA+' rating and stable outlook to Kane County Community Unit School District No. 304 (Geneva), Ill.'s series 2011 general obligation (GO) refunding school bonds. At the same time, Standard & Poor's affirmed its 'AA+' rating and underlying rating (SPUR) on the district's outstanding debt. The ratings reflect our opinion of the district's: Participation in the Chicago metropolitan area's deep and diverse economy, Very strong income level, Positive financial operations with very strong reserves, and Moderate overall debt burden coupled with the lack of major capital needs due to enrollment stabilization. The series 2011 bonds are general obligations of the district payable from unlimited ad valorem taxes. The district will use bond proceeds to...
Companies mentioned in this report are: Kane Cnty Comnty Unit Sch Dist #304 Geneva
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.
Kane Cnty Comnty Unit Sch Dist #304 Geneva