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Summary: Worthington City School District, Ohio; General Obligation Jan 13

  • ID: 2386462
  • January 2013
  • Region: Ohio
  • Standard & Poors
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FEATURED COMPANIES

  • Worthington City Sch Dist
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Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Worthington City School District, Ohio's series 2013A and 2013B unlimited-tax general obligation (GO) school facilities construction and improvement bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term and underlying (SPUR) ratings on the district's existing debt. The outlook on all ratings is stable. The rating also reflects our view of the district's: Participation in the strong and diverse Columbus metropolitan area economy; Very strong income levels; Good financial performance, as evidenced by very strong reserves, with a favorable projected five-year operating forecast; and Low overall debt burden with no need to issue additional debt in the next several years. The district's tax base, while strong in...

Companies mentioned in this report are:
- Worthington City Sch Dist

Action: Affirmed
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 READ MORE >

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- Worthington City Sch Dist

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