Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program - S&P Global Ratings’ Credit Research

Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program

Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program - S&P Global Ratings’ Credit Research
Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program
Published May 07, 2003
Published May 07, 2003
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Abstract:

The 'A' 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 the Pennsylvania State Aid Intercept structure.

  
Report Type:

Summary

Issuer
Sector
Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program" May 07, 2003. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Pennsboro-Area-Sch-Dist-PA-Tax-Secured-General-Obligation-Tax-Secured-School-State-Program-311698>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: East Pennsboro Area Sch Dist, PA; Tax Secured, General Obligation; Tax Secured, School State Program May 07, 2003. 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-Tax-Secured-General-Obligation-Tax-Secured-School-State-Program-311698>
  
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