S&P Credit Research



Title:

Pickens County School District, SC Issuer Credit Rating On Debt Raised To 'A+'; Outlook Stable

Price:$100.00
Publication Date:May 01, 2008
Report Type:News
Abstract:NEW YORK (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services has raised its issuer credit rating (ICR) on Pickens County School District, S.C.'s general obligation (GO) bonds to 'A+' from 'A,' reflecting the district's expanding local economy, strengthening market values on a per capita basis, and sound financial position supporting very strong reserve levels. The outlook is stable. At the same time, the rating service assigned its 'AA' standard long-term rating and 'A+' ICR to the district's $3.34 million GO refunding bonds series 2008A. The 'A+' ICR reflects the district's access to the large and diverse Greenville core based statistical area economy and employment base; diversifying local economy coupled with a growing and very diverse tax base; strong
Issuer:Pickens Cnty Sch Dist
Sector:Public Finance
Country:United States
Region:United States
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S&P Credit Research

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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