- Language: English
- Published: May 2012
- Region: Michigan
Summary: Gladwin Community Schools, Michigan; School State Program Jul 12
- Published: July 2012
- Region: Michigan
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA-' program rating and 'A+' school issuer credit rating (ICR) to Gladwin Community Schools, Mich.'s series 2012 unlimited-tax general obligation (GO) refunding bonds. At the same time, we affirmed our 'AA-' program rating and 'A+' school ICR on the district's existing GO bonds. The outlook is stable. The 'AA-' program rating reflects the district's qualification for, and participation in, the Michigan School Bond Qualification and Loan Program. The 'A+' school ICR rating reflects our opinion of the district's: Adequate income levels and very strong market value per capita; Very strong general fund reserves with a trend of operating surpluses; Good financial management practices; and Low debt burden coupled with rapid amortization. Partially...
Companies mentioned in this report are: Gladwin Comnty Schs
Action: New Rating
Action: Outlook: Stable
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.
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.
SHOW LESS READ MORE >
Gladwin Comnty Schs