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Summary: Central Greene School District, Pennsylvania; School State Program Mar 12 Product Image

Summary: Central Greene School District, Pennsylvania; School State Program Mar 12

  • ID: 2084704
  • March 2012
  • Region: Pennsylvania
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A' rating and stable outlook to Central Greene School District, Pa.'s series 2012 general obligation (GO) refunding bonds and affirmed its 'A' rating, with a stable outlook, on the district's existing GO bonds. The ICR reflects our view of the district's: Rural and somewhat limited local economy, historically centered on coal mining; Currently low unemployment compared with commonwealth and national rates due to the growing presence of the natural gas drilling industry; and Good finances, including fund balance reserves that we consider good. We believe these credit factors are somewhat mitigated by the district's: Adequate, but below-average, wealth and income on a per capita basis; and Moderately high overall net debt as a...

Companies mentioned in this report are: Central Greene Sch Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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