CHICAGO (Standard&Poor's) Feb. 22, 2013--Standard&Poor's Ratings Services revised its outlook on its issuer credit rating (ICR) on Romeo Community School District, Mich.'s general obligation (GO) debt outstanding to negative from stable. "The outlook revision reflects the district's significant projected drawdown of reserves in fiscal 2013 and continued declining enrollment trend, which affects per pupil state aid," said Standard&Poor's credit analyst Michael Furla. At the same time, Standard&Poor's affirmed its 'A+' issuer credit rating and 'AA-' enhanced long-term and underlying (SPUR) ratings on the district's existing general obligation bonds. The 'AA-' enhanced rating on the bonds reflects the district's qualification for, and participation in, the Michigan School Bond Qualification and Loan Program. The
