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Summary: Westfield Central School District, New York; School State Program Dec 12

  • ID: 2359501
  • December 2012
  • Region: New York
  • Standard & Poors
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  • Westfield Cent Sch Dist
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Abstract
Standard & Poor's Ratings Services affirmed its 'A+' rating, with a stable outlook, on Westfield Central School District, N.Y.'s general obligation debt. The rating reflects our opinion of the district's general creditworthiness, including its: Limited local economy, reflected by modest population and enrollment decreases; Adequate wealth and income; Good financial profile; and Low debt profile with a rapid amortization schedule. We believe financial pressure, including a reliance on state aid and property tax limitations, somewhat offsets these credit strengths. In addition, the New York State Aid Intercept program provides additional bond security. The 49-square-mile Westfield Central School District, in Chautauqua County (A+/Negative), is on Lake Erie, approximately nine miles north of the Pennsylvania border. The district served a 2011 population...

Companies mentioned in this report are:
- Westfield Cent Sch Dist

Action: Affirmed
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 READ MORE >

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- Westfield Cent Sch Dist

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