Holden R-III School District, MO Series 2022 General Obligation Bonds Assigned 'A' Rating

DALLAS (S&P Global Ratings) May 11, 2022--S&P Global Ratings has assigned its 'A' underlying rating to Holden R-III School District of Johnson County, Mo.'s general obligation (GO) bonds series 2022. The district's GO debt is backed by its full faith, credit, and unlimited ad valorem taxing pledge. "We consider the district's small but stable economy outside of Kansas City to be a key credit strength," said S&P Global Ratings credit analyst Andy Hobbs. Other rating factors include the district's: Strong and improved available reserves, somewhat offset, in our view, by the district's use of modified cash-basis of accounting; Steady enrollment; and Moderate-to-low debt burden and minimal near-term pension funding pressure. The ratings incorporate our view of the district's environmental, social,

...May 11, 2022 DALLAS (S&P Global Ratings) May 11, 2022--S&P Global Ratings has assigned its 'A' underlying rating to Holden R-III School District of Johnson County, Mo.'s general obligation (GO) bonds series 2022. The district's GO debt is backed by its full faith, credit, and unlimited ad valorem taxing pledge. "We consider the district's small but stable economy outside of Kansas City to be a key credit strength," said S&P Global Ratings credit analyst Andy Hobbs. Other rating factors include the district's: - Strong and improved available reserves, somewhat offset, in our view, by the district's use of modified cash-basis of accounting; - Steady enrollment; and - Moderate-to-low debt burden and minimal near-term pension funding pressure. The ratings incorporate our view of the district's environmental, social, and governance (ESG) risks with respect to its economy, finances, management, and long-term liabilities. We consider all the district's ESG risks to be neutral in our credit rating...

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