- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Monessen School District, Pennsylvania; School State Program May 12
- Published: May 2012
- Region: Pennsylvania
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' program rating and 'A-' school issuer credit rating (ICR) and stable outlook to Monessen School District, Pa.'s series 2012B school district general obligation (GO) refunding bonds and affirmed its 'A' program rating and 'A-' ICR, with a stable outlook, on the district's existing GO debt. The ICR reflects our opinion of the district's general creditworthiness, including its: Adequate wealth and income; Three consecutive drawdowns, contributing to adequate finances; and Moderate-to-high debt with limited capital and debt needs. The district's full-faith-and-credit pledge secures the bonds. While we believe the district's independent creditworthiness warrants the 'A-' rating, its participation in the Pennsylvania State Aid Intercept Program, under Section 633 of the Pennsylvania Public School...
Companies mentioned in this report are: Monessen Sch Dist
Action: New Rating
Action: Outlook: Stable
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Monessen Sch Dist