The 'A+' standard long-term rating on Cochrane-Fountain City Community School District, Wis.' series 2009 general obligation (GO) refunding bonds is based on the following credit factors: Access to larger and more diverse economic areas for employment, Good income levels as measured by per capita and median household effective buying income, Very strong financial operations, and A low net debt burden as a percent of equalized value with limited future capital needs. The general trend of decreasing enrollment, which is linked to state funding, is an offsetting credit consideration. The district will use bond proceeds to refund its series 2008 taxable note anticipation notes, which are scheduled to mature in May. The district's full faith and credit GO pledge secures the
