The rating on Kentwood Public Schools, Mich.'s bonds reflects: * A strong and stable economic base; * Adequate financial position; and * Moderate debt. $180,000 of outstanding series 1967 bonds are qualified under the Michigan School Bond Loan Fund, which qualifies them for a minimum 'AA' rating. Kentwood Public Schools in suburban Grand Rapids benefits as part of a stable diversified economy. Employment in the Grand Rapids area is balanced among manufacturing, trade, and services. Wealth is above state and national averages for the district. Unemployment in the area has historically been below the state and nation. Financial operations and position are stable. Following a $4.4 million general fund drawdown in fiscal 1994, the district has posted operating surpluses for
