Report title: Summary: Edgewood City School District, Ohio; General Obligation
from S&P Credit Research
1706 word report published Nov 03, 2009

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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

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...

Report Type: Summary
Issuer: Edgewood City Sch Dist
Sector: Public Finance
Country: United States
Region: United States
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