Summary: Gasconade Cnty R-II Sch Dist , MO; Tax Secured, School State Program Nov 05
- ID: 2085219
- November 2005
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' rating to Gasconade County R-II School District, Mo.'s GO bonds, series 2006, and affirmed its 'AA+' rating on the district's GO debt. The 'AA+' rating reflects the school district's eligibility and participation in the Missouri Direct Deposit of State Aid Program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service at least 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer,...
Companies mentioned in this report are: Gasconade Cnty R-II Sch Dist
Action: New Rating
Action: Outlook: Stable
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