Summary: Johnson County R-III School District (Holden), Missouri; School State Program - S&P Global Ratings’ Credit Research

Summary: Johnson County R-III School District (Holden), Missouri; School State Program

Summary: Johnson County R-III School District (Holden), Missouri; School State Program - S&P Global Ratings’ Credit Research
Summary: Johnson County R-III School District (Holden), Missouri; School State Program
Published Nov 05, 2021
4 pages (1545 words) — Published Nov 05, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' rating and stable outlook to Johnson County R-III School District (Holden), Mo.'s roughly $3.415 million series 2021 general obligation (GO) refunding bonds. Officials intend to use series 2021 bond proceeds to refund series 2015 GO bonds and series 2017 GO refunding bonds. The rating reflects our assessment of the district's eligibility for, and participation in, the Missouri Direct Deposit of State Aid program. The state credit-enhancement rating is one notch below the Missouri GO rating, reflecting: Our view of state aid appropriation risk, which are partially mitigated by strong state support for the program and consistent and well-established state aid funding; Our expectation that maximum annual debt service coverage (DSC) on all parity debt

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' rating and stable outlook to Johnson County R-III School District (Holden), Mo.'s roughly $3.415 million series 2021 general obligation (GO) refunding bonds. Officials intend to use series 2021 bond proceeds to refund series 2015 GO bonds and series 2017 GO refunding bonds....

  
Report Type:

Summary

Issuer
Johnson Cnty R-III Sch Dist (Holden)
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Johnson County R-III School District (Holden), Missouri; School State Program" Nov 05, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Johnson-County-R-III-School-District-Holden-Missouri-School-State-Program-2751248>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Johnson County R-III School District (Holden), Missouri; School State Program Nov 05, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Johnson-County-R-III-School-District-Holden-Missouri-School-State-Program-2751248>
  
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