Summary: Greene County School District R-II Willard, Missouri; School State Program

S&P Global Ratings assigned its 'AA+' long-term rating and 'A+' underlying rating to Greene County School District R-II (Willard), Mo.'s series 2018 general obligation (GO) school building bonds. At the same time, S&P Global Ratings affirmed its existing 'AA+' rating on the district's existing GO debt. The outlook is stable. The 'AA+' long-term rating reflects our assessment of the district's eligibility for, and participation in, the Missouri Direct Deposit of State Aid program. The 'A+' rating reflect our view of the district's general creditworthiness, including its: Participation in the diverse Springfield MSA; Strong available reserves, albeit on a cash basis of accounting; and Moderate debt burden with no plans to issue additional debt within the next two years. In our

...S&P Global Ratings assigned its '##+' long-term rating and 'A+' underlying rating to Greene County School District R-II (Willard), Mo.'s series 2018 general obligation (GO) school building bonds. At the same time, S&P Global Ratings affirmed its existing '##+' rating on the district's existing GO debt. The outlook is stable. The '##+' long-term rating reflects our assessment of the district's eligibility for, and participation in, the Missouri Direct Deposit of State Aid program. The 'A+' rating reflect our view of the district's general creditworthiness, including its: + Participation in the diverse Springfield MSA; + Strong available reserves, albeit on a cash basis of accounting; and + Moderate debt burden with no plans to issue additional debt within the next two years. In our view, the district's adequate income profile somewhat offset the credit strengths. Revenue from an unlimited-ad valorem tax on all taxable property within the district secures the bonds. The district will use...

Summary