Lincoln Park City School District, MI GO Debt Rating Raised To 'A-' On Improved Budget Performance - S&P Global Ratings’ Credit Research

Lincoln Park City School District, MI GO Debt Rating Raised To 'A-' On Improved Budget Performance

Lincoln Park City School District, MI GO Debt Rating Raised To 'A-' On Improved Budget Performance - S&P Global Ratings’ Credit Research
Lincoln Park City School District, MI GO Debt Rating Raised To 'A-' On Improved Budget Performance
Published Feb 17, 2015
3 pages (939 words) — Published Feb 17, 2015
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Feb. 17, 2015--Standard&Poor's Ratings Services said it raised its underlying rating on Lincoln Park City School District, Mich.'s general obligation bonds (GO) to 'A-' from 'BBB+'. The outlook is stable. "The upgrade is based on our assessment of the district's recently improved budgetary performance, which has strengthened its budgetary flexibility as evidenced by strong reserves," said Standard&Poor's credit analyst Errol Arne. The district posted a $1.3 million surplus in fiscal 2014 (June 30) and is projecting a similar amount for fiscal 2015. The district's unlimited-tax, full-faith-and-credit GO pledge secures the bonds. RELATED CRITERIA AND RESEARCH Related Criteria USPF Criteria: GO Debt, Oct. 12, 2006

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) Feb. 17, 2015--Standard & Poor's Ratings Services said it raised its underlying rating on Lincoln Park City School District, Mich.'s general obligation bonds (GO) to 'A-' from '###+'. The outlook is stable. "The upgrade is based on our assessment of the district's recently improved budgetary performance, which has strengthened its budgetary flexibility as evidenced by strong reserves," said Standard & Poor's credit analyst Errol Arne. The district posted a $1.3 million surplus in fiscal 2014 (June 30) and is projecting a similar amount for fiscal 2015. The district's unlimited-tax, full-faith-and-credit GO pledge secures the bonds. RELATED CRITERIA AND RESEARCH Related Criteria USPF Criteria: GO Debt, Oct. 12, 2006 Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com and at www.spcapitaliq.com. All ratings affected by...

  
Report Type:

Ratings Action

Issuer
Lincoln Pk City Sch Dist
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Lincoln Park City School District, MI GO Debt Rating Raised To 'A-' On Improved Budget Performance" Feb 17, 2015. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Lincoln-Park-City-School-District-MI-GO-Debt-Rating-Raised-To-A-On-Improved-Budget-Performance-1384347>
  
APA:
S&P Global Ratings’ Credit Research. (). Lincoln Park City School District, MI GO Debt Rating Raised To 'A-' On Improved Budget Performance Feb 17, 2015. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Lincoln-Park-City-School-District-MI-GO-Debt-Rating-Raised-To-A-On-Improved-Budget-Performance-1384347>
  
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