The 'AA+' enhanced rating on Hazelwood School District, Mo.'s GO refunding and improvement bonds is based on the direct deposit of monthly state aid payments to the bond trustee. State aid covers maximum annual debt service more than 2 times (x). The district has entered into an irrevocable direct deposit agreement, which provides that during each of the first 10 months of each bond year one-tenth of debt service will be deposited with the trustee. The 'AA-' Standard & Poor's underlying rating (SPUR) reflects the district's: Participation in the St. Louis MSA, Strong financial operations, and Low debt burden. The district, with a population of 123,000, is in northwestern St. Louis County and serves all, or part, of the cities...
Companies mentioned in this report are:
- St. Louis Cnty Sch Dist (Hazelwood)
Action: New Rating
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