Cedar County School District No. 54 (Laurel-Concord-Coleridge Public Schools), NE Series 2022 GO Bonds Rated ?A?

DALLAS (S&P Global Ratings) Feb. 1, 2022--S&P Global Ratings assigned its 'A' long-term rating to Cedar County School District No. 54 (Laurel-Concord-Coleridge Public Schools), Neb.'s anticipated $10 million series 2022 general obligation (GO) bonds. The outlook is stable. The district's 2022 GO bonds are payable from revenue from unlimited ad valorem taxes levied on taxable property located within the district. Proceeds from the series 2022 GO bonds will finance certain additions, renovations, and improvements to the district's existing facilities. "The district's general credit characteristics reflect a stable and rural agriculture-dominated economy, with high land values for productive agricultural land, which somewhat offsets the credit limitations of an economy with limited depth and diversity," said S&P Global Ratings credit analyst Daniel

...February 1, 2022 DALLAS (S&P Global Ratings) Feb. 1, 2022--S&P Global Ratings assigned its 'A' long-term rating to Cedar County School District No. 54 (Laurel-Concord-Coleridge Public Schools), Neb.'s anticipated $10 million series 2022 general obligation (GO) bonds. The outlook is stable. The district's 2022 GO bonds are payable from revenue from unlimited ad valorem taxes levied on taxable property located within the district. Proceeds from the series 2022 GO bonds will finance certain additions, renovations, and improvements to the district's existing facilities. "The district's general credit characteristics reflect a stable and rural agriculture-dominated economy, with high land values for productive agricultural land, which somewhat offsets the credit limitations of an economy with limited depth and diversity," said S&P Global Ratings credit analyst Daniel Golliday. Recent budgetary pressures in the form of capital-related expenditures caused by its aging facilities will be addressed...

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