Summary: Westfield Central School District, New York; School State Program Dec 12
- ID: 2359501
- December 2012
- Region: New York
- Standard & Poors
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: Outlook: Stable
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