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S&P Credit Research428 word report
published May 20, 1999
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S&P Credit Research
| Abstract: | The rating on Webster County School District R-III (Fordland), Mo.'s bonds reflects the direct deposit of portions of monthly state aid payments by the state to a bond trustee. State aid covers maximum annual program debt service over two times. The district has entered into an irrevocable direct deposit agreement with the state treasurer, Department of Elementary and Secondary Education, the Health and Educational Facilities Authority, and the deposit trustee. The direct deposit agreement provides that during each of the first 10 months in each bond year, one-tenth of debt service will be deposited with the deposit trustee. The direct deposit trustee will invest these funds in investments that meet Standard&Poor's criteria and will transfer to the paying
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Webster Cnty Sch Dist R-III Fordland, MO; General Obligation, Schools Intercept/Withholding Publication date: 20-May-1999 Credit Profile $2.3 mil muni debt muni issue ser 1999 due 2016 ## Sale date:...
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| Report Type: | Summary
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| Issuer: | Webster Cnty Sch Dist R-III Fordland
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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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