Research Update: Eastport-South Manor Central School District, NY GO Debt Rating Raised To 'AA' On Strong Operations, High Reserves - S&P Global Ratings’ Credit Research

Research Update: Eastport-South Manor Central School District, NY GO Debt Rating Raised To 'AA' On Strong Operations, High Reserves

Research Update: Eastport-South Manor Central School District, NY GO Debt Rating Raised To 'AA' On Strong Operations, High Reserves - S&P Global Ratings’ Credit Research
Research Update: Eastport-South Manor Central School District, NY GO Debt Rating Raised To 'AA' On Strong Operations, High Reserves
Published May 06, 2025
Published May 06, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings raised its long-term rating to 'AA' from 'AA-' on Eastport-South Manor Central School District (CSD), N.Y.?s general obligation (GO) bonds outstanding. We also assigned our ?AA? rating to Eastport-South Manor CSD's $54.225 million series 2025 A school district serial bonds and $6.87 million series 2025 B school district refunding serial bonds and assigned our 'SP-1+' short-term rating to the district?s $15 million 2025 bond anticipation notes (BANs) and affirmed our ?SP-1+? rating on outstanding BANs. The long term ratings reflect the application of its " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. The outlook is stable. The upgrade reflects our view of the district's track record of strong operations and subsequent rebuilding

  
Report Type:

Research Update

Issuer
Eastport-South Manor Central School District
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

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. "Research Update: Eastport-South Manor Central School District, NY GO Debt Rating Raised To 'AA' On Strong Operations, High Reserves" May 06, 2025. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Eastport-South-Manor-Central-School-District-NY-GO-Debt-Rating-Raised-To-AA-On-Strong-Operations-High-Reserves-3364618>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Eastport-South Manor Central School District, NY GO Debt Rating Raised To 'AA' On Strong Operations, High Reserves May 06, 2025. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Eastport-South-Manor-Central-School-District-NY-GO-Debt-Rating-Raised-To-AA-On-Strong-Operations-High-Reserves-3364618>
  
US$ 225.00
$  £  €
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.