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S&P Credit Research1563 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | Standard&Poor's assigned its 'A+' rating, with stable outlook, to K-12 School District #24 (Huntley), Mont.'s general obligation (GO) bonds. The rating reflects our opinion of the district's: Proximity to the city of Billings, the state's most populous city; Good reserve levels between fiscals 2006 and 2008 and an expected increase in reserves for fiscal 2009; Moderate overall debt burden at 4.5% of market value combined with no additional debt plans for the foreseeable future and an expected amortization of just 15 years. The credit strengths are tempered by the district's relatively small tax base, which is somewhat mitigated by the absence of plans to further leverage the district's tax base. The district will issue the bonds as qualified
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: K-12 School District #24 (Huntley), Montana; General Obligation Publication date: 04-Nov-2009 Primary Credit Analyst: Misty Newland, San Francisco (1) 415-371-5073; misty_newland@standardandpoors.com...
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| Report Type: | Summary
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| Issuer: | K-12 Sch Dist #24 (Huntley)
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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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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.
