Summary: Tooele County School District Board Of Education, Utah; Appropriations; School State Program

1871 word report published May 07, 2009

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Abstract:

Standard&Poor's Ratings Services raised its school issuer credit rating (ICR) on Tooele County School District Board of Education, Utah's (the district) outstanding general obligation (GO) debt to 'AA-' from 'A+'. At the same time, Standard&Poor's affirmed its 'AAA' enhanced rating on the district's GO debt. In addition, Standard&Poor's raised its underlying rating (SPUR) on the district's outstanding appropriation obligations to 'A+' from 'A'. The raised ratings reflect the district's good financial management, as evidenced by its maintenance of available general fund balances at what we consider to be strong levels relative to expenditures during a period of strong growth, and the adoption of a minimum undesignated general fund balance policy that we think will

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RESEARCH Ratings Definitions Summary: Tooele County School District Board Of Education, Utah; Appropriations; School State Program Publication date: 07-May-2009 Primary Credit Analyst: Chris Morgan, San Francisco (1) 415-371-5032;...

Report Type:

Summary

Issuer:

Tooele Cnty Sch Dist Brd of Ed

Country:

United States

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.

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