- Language: English
- Published: October 2012
- Region: Venezuela
Summary: Indiana Area School District, Pennsylvania; School State Program Jul 12
- Published: July 2012
- Region: Indiana, Pennsylvania
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'A' long-term rating and issuer credit rating (ICR) to Indiana Area School District, Pa.'s series 2012 general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'A' long-term rating, ICR, and underlying rating (SPUR) on the district's existing debt. The outlook is stable. The ratings reflect our opinion of the district's: Service-based local economy with adequate to good income indicators; Strong general fund balance at fiscal 2011 year-end offset somewhat by a drawdown projected for 2012; and Moderate to moderately high debt burden. In our opinion, the above credit strengths are offset by a trend of declining general fund reserves due to a combination of structural imbalance and transfers...
Companies mentioned in this report are: Indiana Area Sch Dist
Action: New Rating
Action: Outlook: Stable
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Indiana Area Sch Dist