Home Credit Ratings and Research S&P Global Ratings’ Credit Research East Pennsboro Area Sch Dist

Summary: East Pennsboro Area Sch Dist, PA; General Obligation, Schools Intercept/Withholding

Published Feb 01, 2001

375 words — Published Feb 01, 2001

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Abstract:

The rating on East Pennsboro Area School District, Pa.'s GO bonds reflects Pennsylvania's state aid withholding provision established under Act 150 of the Public School Code. If the school district is unable to pay principal or interest when due, the secretary of education will withhold the district's state aid and remit the funds directly to the paying agent. For the guarantee program to be considered a credit substitution, annual state aid must be at least equal to future maximum annual debt service. The stable outlook reflects the strength of Pennsylvania's state aid intercept structure.

Brief Excerpt:

RESEARCH Summary: East Pennsboro Area Sch Dist, PA; General Obligation, Schools Intercept/Withholding Publication date: 01-Feb-2001 Credit Profile $3 mil muni debt muni issue ser 2001 due 2021 A Sale date: 08-FEB-2001 AFFIRMED $9.995...

Report Type:

Summary

Issuer

East Pennsboro Area Sch Dist

Sector

Public Finance

Format:

HTML

East Pennsboro Area School District, PA's Bonds Rated 'A'; Outlook Stable – 2001/11/07 – US$ 150.00

Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program – 2001/11/08 – US$ 225.00

Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program – 2003/04/11 – US$ 225.00

Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program – 2003/05/07 – US$ 225.00

Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, School State Program – 2004/02/02 – US$ 225.00

Summary: East Pennsboro Area Sch Dist, PA; General Obligation, Schools Intercept/Withholding – 2000/02/09 – US$ 225.00

Summary: East Pennsboro Area Sch Dist, PA; Revenue - Other, School District – 1997/08/22 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: East Pennsboro Area Sch Dist, PA; General Obligation, Schools Intercept/Withholding" Feb 01, 2001. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Pennsboro-Area-Sch-Dist-PA-General-Obligation-Schools-Intercept-Withholding-181256>

APA:	S&P Global Ratings’ Credit Research. (). Summary: East Pennsboro Area Sch Dist, PA; General Obligation, Schools Intercept/Withholding Feb 01, 2001. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Pennsboro-Area-Sch-Dist-PA-General-Obligation-Schools-Intercept-Withholding-181256>

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