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S&P Credit Research1346 word report
published Mar 31, 2006
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| Abstract: | The 'AA+' rating on Webster County School District R-III (Fordland), Mo.'s bonds reflects the school district's eligibility for and participation in the Missouri Direct Deposit of State Aid Program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service at least 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, department of elementary and secondary education, health and educational facilities authority, and deposit trustee. The direct deposit agreement provides that
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Webster Cnty Sch Dist R-III Fordland, MO; Tax Secured, School State Program Publication date: 31-Mar-2006 Credit Profile AFFIRMED $2.255 mil. Webster Cnty Sch Dist R-IIi Fordland GO ##+ OUTLOOK:...
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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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