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

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

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

FEATURED COMPANIES

  • Worthington City Sch Dist
  • MORE

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

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