CREDIT PROFILE $31.2 mil GO unltd rfdg bnds ser 1997 dtd Sept 1, 1997 due May 1, 2015 A+ Sale date: Aug. 21, 1997 Competitive sale AFFIRMED $31.2 mil bnds ser 1992 A+ OUTLOOK: STABLE The rating on Kentwood Public Schools, Mich.'s unlimited tax GO bonds is based on: Participation in the manufacturing-based Grand Rapids area economy; Good financial performance; and Moderate debt levels. The district abuts the city of Grand Rapids and shares in its sizable manufacturing-based economy with significant presence in the furniture, automobile parts, and consumer products industries. The largest area employers include Meijer Inc. (9,500 employees), Amway Corp. (5,600), and Butterworth Hospital (5,250). The many and diverse employment opportunities have historically kept unemployment quite low, and
