Zachary Community School District No. 1, Louisiana; General Obligation Feb 07
- ID: 2086189
- February 2007
- Region: Louisiana
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' standard long-term rating, and stable outlook, to Zachary Community School District No. 1, La.'s series 2007 GO school bonds and affirmed its 'A' standard long-term rating and Standard & Poor's underlying rating (SPUR), with a stable outlook, on the district's preexisting GO debt. The ratings reflect the district's: Growing economic base, coupled with direct access to Baton Rouge, La. ('AA-'/Stable sales tax debt rating) and above-average household income indicators; Strong community support for both the school district's creation and bond election; and Moderate overall debt levels. A higher rating is precluded by the district's: Highly concentrated property tax base, and Significant enrollment-driven additional capital needs. The 84-mile Zachary Community School District No....
Companies mentioned in this report are:
- Zachary Comnty Sch Dist #1
Action: New Rating
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Research Type: Full Analysis