Summary: Roscoe Central School District, New York; School State Program May 12

Standard & Poors, May 2012

Abstract
Standard & Poor's Ratings Services assigned its 'A+' rating and stable outlook to Roscoe Central School District, N.Y.'s series 2012 general obligation (GO) school district refunding bonds and assigned its 'A+' rating and stable outlook to the district's existing GO debt. The 'A+' rating reflects our opinion of the district's underlying credit strength. The previous 'A' rating on the bonds was based solely on the security provided by the New York State Aid Intercept Program. The ratings reflect our opinion of the district's: Good income and extremely strong property values, albeit slightly seasonal and second home in nature; Very strong finances despite planned drawdowns in fiscal years 2011 and 2012; and Low-to-moderate debt, coupled with above-average amortization. The district's full-faith-and-credit...

Companies mentioned in this report are: Roscoe Cent Sch Dist
Action: New Rating
Action: Outlook: Stable

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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.

Roscoe Cent Sch Dist

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