Monarch Fire Protection District, MO GO Bonds Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research

Monarch Fire Protection District, MO GO Bonds Assigned 'AA+' Rating

Monarch Fire Protection District, MO GO Bonds Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research
Monarch Fire Protection District, MO GO Bonds Assigned 'AA+' Rating
Published Oct 05, 2020
2 pages (1184 words) — Published Oct 05, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CENTENNIAL (S&P Global Ratings) Oct. 5, 2020--S&P Global Ratings assigned its 'AA+' long-term rating to Monarch Fire Protection District, Mo.'s $12 million series 2020 general obligation (GO) bonds. The outlook is stable. The bond proceeds will be used to pay a portion of the costs of replacing Fire House Nos. 2 and 3 and a 78-foot straight ladder truck. "The rating reflects our assessment of the district's participation in the St. Louis metropolitan area economy and employment base, maintenance of very strong reserves, and low-to-moderate overall debt burden," said S&P Global Ratings credit analyst Coral Schoonejans. The rating also incorporates our view of the health and safety risks posed by the COVID-19 pandemic, which we consider social risk factors. Although

  
Brief Excerpt:

...October 5, 2020 CENTENNIAL (S&P Global Ratings) Oct. 5, 2020--S&P Global Ratings assigned its '##+' long-term rating to Monarch Fire Protection District, Mo.'s $12 million series 2020 general obligation (GO) bonds. The outlook is stable. The bond proceeds will be used to pay a portion of the costs of replacing Fire House Nos. 2 and 3 and a 78-foot straight ladder truck. "The rating reflects our assessment of the district's participation in the St. Louis metropolitan area economy and employment base, maintenance of very strong reserves, and low-to-moderate overall debt burden," said S&P Global Ratings credit analyst Coral Schoonejans. The rating also incorporates our view of the health and safety risks posed by the COVID-19 pandemic, which we consider social risk factors. Although the scope of economic and financial challenges posed by the pandemic remains unknown, we believe a prolonged disruption could weaken the district's local economy. Absent the implications of COVID-19, we consider...

  
Report Type:

Ratings Action

Issuer
Sector
Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Monarch Fire Protection District, MO GO Bonds Assigned 'AA+' Rating" Oct 05, 2020. Alacra Store. Feb 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Monarch-Fire-Protection-District-MO-GO-Bonds-Assigned-AA-Rating-2527093>
  
APA:
S&P Global Ratings’ Credit Research. (). Monarch Fire Protection District, MO GO Bonds Assigned 'AA+' Rating Oct 05, 2020. New York, NY: Alacra Store. Retrieved Feb 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Monarch-Fire-Protection-District-MO-GO-Bonds-Assigned-AA-Rating-2527093>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.