Summary: Arkport Central School District, New York; School State Program May 12
- ID: 2127051
- May 2012
- Region: New York
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' long-term rating and school issuer credit rating (ICR) to Arkport Central School District, N.Y.'s series 2012 general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its underlying rating (SPUR) and ICR on the district's outstanding bonds. The outlook is stable. The ICR reflects our view of the district's: Stable economy with adequate wealth and income indicators; Historically strong financial performance; and Moderate overall net debt. These credit strengths are partially offset by the district's: Limited economy; and Revenue pressures that include a reliance on state aid and property tax levy limitations. The bonds are secured by the district's faith and credit GO pledge, with additional security provided by the...
Companies mentioned in this report are: Arkport Central Sch Dist
Action: New Rating
Action: Outlook: Stable
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