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S&P Credit Research1706 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | The 'A+' long-term rating assigned to Edgewood City School District, Ohio's series 2009 unlimited-tax general obligation (GO) school improvement bonds reflects Standard&Poor's Rating Services' opinion of the district's: Access to the larger employment bases of Cincinnati and Dayton; Ability to gain from growth in assessed valuation (AV); and Moderate overall debt burden. The district's historically weak support for operational levies limits the credit strengths above. District voters authorized the series 2009 bonds in February 2009 to build a new high school; the district's unlimited-tax GO pledge secures the bonds. The district will use the proceeds to refund notes that mature on Dec. 1, 2009. The school district previously issued its $3 million series 2009 school improvement unlimited-tax GO
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Edgewood City School District, Ohio; General Obligation Publication date: 03-Nov-2009 Primary Credit Analyst: Justin Formas, Chicago (312) 233-7032; justin_formas@standardandpoors.com Secondary...
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| Report Type: | Summary
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| Issuer: | Edgewood City Sch Dist
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| Sector: | Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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