S&P Credit Research



Title:

Summary: Jackson County School District C-1 (Hickman Mills), Missouri; School State Program

Price:$175.00
Publication Date:May 05, 2008
Report Type:Summary
Abstract:The issuer credit rating (ICR) on Jackson County School District C-1 (Hickman Mills), Mo.'s general obligation (GO) bonds has been raised to 'A+' from 'A', reflecting the maintenance of strong financial reserves. An 'A+' ICR has been assigned to the district's series 2008 GO school building bonds. The 'AA+' enhanced rating on the series 2008 bonds reflects the direct deposit of monthly state aid payments to the trustee. State aid covers maximum annual program debt service more than 1.5x. The district has entered into an irrevocable direct deposit agreement, which provides that during each of the months from June to December, and during each of the first 10 months of subsequent bond years, one-tenth of debt service will be deposited
Issuer:Jackson Cnty Sch Dist C-1 Hickman Mills
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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