Summary: Hudsonville Public Schools, Michigan; School State Program Feb 13

  • ID: 2394291
  • February 2013
  • Region: Michigan
  • Standard & Poors
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Standard & Poor's Ratings Services assigned its 'AA-' program rating and 'A+' school issuer credit rating (ICR) to Hudsonville Public Schools, Mich.'s series 2013 general obligation (GO) refunding bonds. We also affirmed our 'AA-' program rating and 'A+' ICR on the district's existing debt. The outlook on all the ratings is stable. The 'AA-' program rating reflects the district's bond issues that qualified for participation in the Michigan school bond loan fund. The ICR reflects our opinion of the district's: Access to employment throughout the Grand Rapids, Holland, and Muskegon metropolitan areas; Positive student enrollment trend, tied to state aid; Strong incomes and market value per capita indicators; and Very strong reserves. We believe the district's moderately high debt burden,...

Companies mentioned in this report are:
- Hudsonville Pub Schs

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Hudsonville Pub Schs

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