The 'AA-' standard long-term rating on Kentwood Public Schools, Mich.'s series 2007 GO unlimited-tax refunding bonds reflects the district's: Participation in the Grand Rapids economic base; A local employment base anchored by Steelcase Inc., in addition to a diverse mix of commercial and industrial employment within the district; Good financial operations with sufficient reserves; and Limited future capital needs, with the presence of a sinking fund levy that provides the district with funding for ongoing capital maintenance. The bonds are a full faith and credit unlimited-tax GO of the school district, with proceeds being used for the refunding of the outstanding series 1997 refunding bonds and the series 2003 school building and site bonds for interest cost savings. Kentwood Public
