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Richmond County Board of Education, Georgia; School State Program Jan 07

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Abstract
Standard & Poor's Ratings Services assigned the 'AA+' rating and 'A' issuer credit rating (ICR) to Richmond County Board of Education, Ga.'s GO sales tax bonds, series 2007. The 'AA+' rating is based on the strength of the Georgia State Aid Intercept Program. The 'A' ICR reflects: A diverse economic base participating in the Augusta-Aiken MSA, An adequate financial position despite reductions in state aid, and A below-average debt burden with rapid debt amortization. Offsetting the above factors are below-average wealth and income levels and above-average unemployment. Proceeds from the sale of the series 2007 bonds will be used to fund the construction of several new schools, renovations and expansions of existing facilities, and other various capital improvement projects. The...

Companies mentioned in this report are: Richmond Cnty Brd of Ed
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Companies Mentioned

Richmond Cnty Brd of Ed

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Richmond County Board of Education, Georgia; School State Program Jan 07

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Richmond County Board of Education, Georgia; School State Program Jan 07

Fax order form

Order information

Product name

Web Address

Office Code

Report Formats

Contact information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Payment information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)

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+353-1-481-1716 or +353-1-653-1571 (from Rest of World)