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Summary: Hazelwood School District, Missouri; Appropriations; School State Program Feb 07 Product Image

Summary: Hazelwood School District, Missouri; Appropriations; School State Program Feb 07

  • ID: 2083875
  • February 2007
  • Region: Missouri
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' enhanced rating and 'AA-' issuer credit rating (ICR) to Hazelwood School District, Mo.'s series 2007A GO refunding and improvement bonds. The enhanced rating reflects the district's participation in the Missouri Direct Deposit Program, in which a direct deposit of monthly state aid payments is made to the bond trustee. State aid covers maximum annual debt service more than 1.5x. The district has entered into an irrevocable direct deposit agreement, which provides that one-tenth of debt service will be deposited with the trustee during each of the first 10 months of each bond year. The 'AA-' ICR reflects the district's: Participation in the St. Louis MSA, Strong financial operations, as noted by reserve...

Companies mentioned in this report are:
- St. Louis Cnty Sch Dist (Hazelwood)

Action: Affirmed
Action: Outlook: Stable

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- St. Louis Cnty Sch Dist (Hazelwood)

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