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Summary: Bemidji Independent School District No. 31, Minnesota; School State Program Jan 13

  • ID: 2383718
  • January 2013
  • Region: Minnesota
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to the Bemidji Independent School District No. 31, Minn.'s series 2013A general obligation (GO) refunding bonds. At the same, Standard & Poor's assigned its 'A+' issuer credit rating (ICR) to the bonds. In addition, we affirmed our 'A+' ICR on the district, as well as the 'AA+' enhanced Minnesota State Appropriate rating on the district's outstanding general obligation (GO) bonds. The outlook is stable on all of the bonds. The 'AA+' rating reflects the district's eligibility for, and participation in, the Minnesota School District Credit Enhancement program, which provides the security of a standing appropriation from Minnesota's general fund in the event of a school district debt payment default. The...

Companies mentioned in this report are:
- Bemidji Indpt Sch Dist #31

Action: Affirmed
Action: New Rating

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- Bemidji Indpt Sch Dist #31

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