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

  • ID: 2394291
  • February 2013
  • Region: Michigan
  • Standard & Poors
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Abstract
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

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 an issuer's READ MORE >

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- Hudsonville Pub Schs

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