Standard & Poor's Ratings Services has raised its school issuer credit rating (ICR) on Richmond County Board of Education, Ga.'s general obligation (GO) debt to 'AA-' from 'A+' based on the district's consistently strong financial performance during a period of constrained state funding, stable tax base, and continued low debt levels. At the same time, Standard & Poor's assigned its 'AA-' school ICR and 'AA+' enhanced rating to the district's series 2012 GO sales tax bonds. The enhanced rating is based on the district's participation in the state's voluntary state aid intercept program, additional security of the SPLOST, and added enhancements to the authorizing bond resolution. Standard & Poor's also affirmed its 'AA-' school ICR and 'AA+' enhanced ratings on...
Companies mentioned in this report are: Richmond Cnty Brd of Ed
Action: New Rating
Action: Outlook: Stable
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