CHICAGO (Standard&Poor's) April 28, 2014--Standard&Poor's Ratings Services lowered its issuer credit rating (ICR) to 'A' from 'A+' on Romeo Community School District, Mich.'s general obligation (GO) debt outstanding due to a weakened general fund balance. The outlook is negative. At the same time, Standard&Poor's affirmed its 'AA-' enhanced long-term and underlying (SPUR) rating on the district's existing general obligation (GO) bonds. The outlook on the program rating is positive. "The lowered rating on the ICR reflects our belief that the district's reserves are likely to be further reduced, given its current structural imbalance," said Standard&Poor's credit analyst Caroline West. "The 'AA-' enhanced rating on the bonds reflects our view of the district's
