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Summary: Holland Patent Central School District, New York; School State Program Mar 12
Standard & Poors, March 2012
Standard & Poor's Ratings Services assigned its 'A+' rating and stable outlook to Holland Patent Central School District, N.Y.'s series 2012 general obligation (GO) school district refunding bonds and affirmed its 'A+' rating, with a stable outlook, on the district's existing GO debt. The rating reflects our opinion of the district's: Access to additional employment opportunities in the Utica-Rome metropolitan statistical area (MSA); Good income; Strong finances; and Low debt burden, net of estimated building aid, with, what we consider, rapid debt amortization. We believe somewhat offsetting these credit strengths are the district's: Limited local economy, and Reliance on state aid. The district's full-faith-and-credit pledge secures the bonds. The New York State Aid Intercept Program provides additional security. Officials intend...
Companies mentioned in this report are: Holland Patent Cent 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.
Holland Patent Cent Sch Dist