Jackson County School District No. 5, OR GO Debt Rating Lowered To 'A' On Expenditures, Fund Balance; Outlook Negative - S&P Global Ratings’ Credit Research

Jackson County School District No. 5, OR GO Debt Rating Lowered To 'A' On Expenditures, Fund Balance; Outlook Negative

Jackson County School District No. 5, OR GO Debt Rating Lowered To 'A' On Expenditures, Fund Balance; Outlook Negative - S&P Global Ratings’ Credit Research
Jackson County School District No. 5, OR GO Debt Rating Lowered To 'A' On Expenditures, Fund Balance; Outlook Negative
Published Jul 10, 2024
2 pages (1130 words) — Published Jul 10, 2024
Price US$ 150.00  |  Buy this Report Now

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Abstract:

CHICAGO (S&P Global Ratings) July 10, 2024--S&P Global Ratings lowered its underlying rating to 'A' from 'A+' on Jackson County School District No. 5 (Ashland), Ore.'s outstanding general obligation (GO) debt. The outlook is negative. "The downgrade reflects our view of the district's operating uncertainties due to persistent challenges from increased expenditures as well as material decreases to its fund balance and liquidity to a level we consider adequate in fiscal 2024, based on the district's most recent estimate," said S&P Global Ratings credit analyst Brenea Gordon. "The negative outlook reflects a one-in-three chance that we could further lower the rating during the next two years if the budget-balancing actions taking effect for fiscal 2025 designed to begin rebuilding district

  
Brief Excerpt:

...July 10, 2024 CHICAGO (S&P Global Ratings) July 10, 2024--S&P Global Ratings lowered its underlying rating to 'A' from 'A+' on Jackson County School District No. 5 (Ashland), Ore.'s outstanding general obligation (GO) debt. The outlook is negative. "The downgrade reflects our view of the district's operating uncertainties due to persistent challenges from increased expenditures as well as material decreases to its fund balance and liquidity to a level we consider adequate in fiscal 2024, based on the district's most recent estimate," said S&P Global Ratings credit analyst Brenea Gordon. "The negative outlook reflects a one-in-three chance that we could further lower the rating during the next two years if the budget-balancing actions taking effect for fiscal 2025 designed to begin rebuilding district reserves are insufficient to avoid a further weakening in its available general fund balance," she added. The district is located in southeastern Jackson County, and its tax base is supported...

  
Report Type:

Ratings Action

Issuer
Jackson County School District No.5 (Ashland)
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Jackson County School District No. 5, OR GO Debt Rating Lowered To 'A' On Expenditures, Fund Balance; Outlook Negative" Jul 10, 2024. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Jackson-County-School-District-No-5-OR-GO-Debt-Rating-Lowered-To-A-On-Expenditures-Fund-Balance-Outlook-Negative-3211697>
  
APA:
S&P Global Ratings’ Credit Research. (). Jackson County School District No. 5, OR GO Debt Rating Lowered To 'A' On Expenditures, Fund Balance; Outlook Negative Jul 10, 2024. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Jackson-County-School-District-No-5-OR-GO-Debt-Rating-Lowered-To-A-On-Expenditures-Fund-Balance-Outlook-Negative-3211697>
  
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