Laurel Highlands School District, PA GO, Lease Revenue Bond Rating Lowered To 'BBB' On Reserves And Budgetary Pressure - S&P Global Ratings’ Credit Research

Laurel Highlands School District, PA GO, Lease Revenue Bond Rating Lowered To 'BBB' On Reserves And Budgetary Pressure

Laurel Highlands School District, PA GO, Lease Revenue Bond Rating Lowered To 'BBB' On Reserves And Budgetary Pressure - S&P Global Ratings’ Credit Research
Laurel Highlands School District, PA GO, Lease Revenue Bond Rating Lowered To 'BBB' On Reserves And Budgetary Pressure
Published Oct 19, 2020
2 pages (1261 words) — Published Oct 19, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) Oct. 19, 2020--S&P Global Ratings lowered its underlying rating to 'BBB' from 'BBB+' on Laurel Highlands School District, Pa.'s previously issued general obligation (GO) debt and on the Fayette County Vocational-Technical School Authority's series 2019 school lease revenue bonds, issued for the Fayette County Career&Technical Institute and ultimately reflecting our view of the general creditworthiness of district. At the same time, we assigned our 'BBB' long-term rating to the district's series A of 2020 unlimited-tax GO bonds, series B of 2020 GO bonds, and series of 2021 limited-tax GO bonds. The outlook is negative. The district will use the series A bond proceeds to refund the district's series C of 2010, series of 2014,

  
Report Type:

Ratings Action

Issuer
Laurel Highlands Sch Dist
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Laurel Highlands School District, PA GO, Lease Revenue Bond Rating Lowered To 'BBB' On Reserves And Budgetary Pressure" Oct 19, 2020. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Laurel-Highlands-School-District-PA-GO-Lease-Revenue-Bond-Rating-Lowered-To-BBB-On-Reserves-And-Budgetary-Pressure-2538464>
  
APA:
S&P Global Ratings’ Credit Research. (). Laurel Highlands School District, PA GO, Lease Revenue Bond Rating Lowered To 'BBB' On Reserves And Budgetary Pressure Oct 19, 2020. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Laurel-Highlands-School-District-PA-GO-Lease-Revenue-Bond-Rating-Lowered-To-BBB-On-Reserves-And-Budgetary-Pressure-2538464>
  
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