Summary: East Pennsboro Area School District, Pennsylvania; General Obligation

S&P Global Ratings assigned its 'A+' rating to East Pennsboro Area School District, Pa.'s series 2019 general obligation (GO) bonds. At the same time, we affirmed our 'A+' rating on the district's existing GO debt. The outlook is stable. The district has a history of conservative budgetary practices and a proactive approach to making budgetary adjustments, which, in conjunction with increases in property and earned income tax revenues in recent years, have resulted in an increased level of available reserves in recent years. The increases in reserves come despite significant budgetary pressure stemming from growing pension costs in recent years. A higher rating is possible if the district's pension and debt service carrying charges moderate in conjunction with maintenance of

...S&P Global Ratings assigned its 'A+' rating to East Pennsboro Area School District, Pa.'s series 2019 general obligation (GO) bonds. At the same time, we affirmed our 'A+' rating on the district's existing GO debt. The outlook is stable. The district has a history of conservative budgetary practices and a proactive approach to making budgetary adjustments, which, in conjunction with increases in property and earned income tax revenues in recent years, have resulted in an increased level of available reserves in recent years. The increases in reserves come despite significant budgetary pressure stemming from growing pension costs in recent years. A higher rating is possible if the district's pension and debt service carrying charges moderate in conjunction with maintenance of available reserves near current levels. Additionally, the district's proximity to the growing Harrisburg economy provides additional rating stability. The district's debt profile contains both unlimited- and limited-tax...

Summary