Summary: Laurel Highlands Sch Dist, PA; General Obligation, School District Intercept - S&P Global Ratings’ Credit Research

Summary: Laurel Highlands Sch Dist, PA; General Obligation, School District Intercept

Summary: Laurel Highlands Sch Dist, PA; General Obligation, School District Intercept - S&P Global Ratings’ Credit Research
Summary: Laurel Highlands Sch Dist, PA; General Obligation, School District Intercept
Published Oct 27, 1998
363 words — Published Oct 27, 1998
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Abstract:

The rating on Laurel Highlands School District, Pa.'s bonds reflects Pennsylvania's state aid withholding provision established under Act 150 of the Public School Code. If the school district is unable to pay principal or interest when due, the secretary of education will withhold the district's state aid and remit the funds directly to the paying agent. For the guarantee program to be considered as a credit substitution, annual state aid must be at least equal to future maximum annual debt service. The outlook reflects the strength of the state aid intercept structure.

  
Brief Excerpt:

RESEARCH Summary: Laurel Highlands Sch Dist, PA; General Obligation, School District Intercept Publication date: 27-Oct-1998 Credit Analyst: Richard J Marino, New York (1) 212-208-1890; Jim Mann, New York (1) 212-208-8542 Credit Profile...

  
Report Type:

Summary

Issuer
Laurel Highlands Sch Dist
Sector
Public Finance
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Laurel Highlands Sch Dist, PA; General Obligation, School District Intercept" Oct 27, 1998. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Laurel-Highlands-Sch-Dist-PA-General-Obligation-School-District-Intercept-75495>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Laurel Highlands Sch Dist, PA; General Obligation, School District Intercept Oct 27, 1998. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Laurel-Highlands-Sch-Dist-PA-General-Obligation-School-District-Intercept-75495>
  
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