The 'A+' rating on Kentwood Public Schools, Mich.'s unlimited-tax GO refunding bonds reflects the district's: Participation in the manufacturing-based Grand Rapids, Mich. area economy; Good financial performance; Above-average wealth and income levels; and Moderate debt levels. The district's unlimited-tax full faith and credit pledge secures the bonds. Kentwood Public Schools' boundaries encompass nearly 25 square miles, serving primarily the city of Kentwood, Mich. and portions of Gaines Township, Mich.; Grand Rapids; and Byron Township, Mich. The district abuts Grand Rapids and shares in its sizable manufacturing-based economy with significant presence in the furniture, automobile parts, and consumer products industries. Leading area employers include: Meijer Stores L.P. (9,900 employees); Spectrum Health (8,000), formerly Butterworth Hospital; and Steelcase Inc. (7,500), a furniture
