Summary: Lawrence County R-V School District (Mount Vernon), Missouri; School State Program - S&P Global Ratings’ Credit Research

Summary: Lawrence County R-V School District (Mount Vernon), Missouri; School State Program

Summary: Lawrence County R-V School District (Mount Vernon), Missouri; School State Program - S&P Global Ratings’ Credit Research
Summary: Lawrence County R-V School District (Mount Vernon), Missouri; School State Program
Published Jan 14, 2022
4 pages (1575 words) — Published Jan 14, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to Lawrence County R-V School District (Mount Vernon), Mo.'s $1.67 million series 2022 general obligation (GO) refunding bonds. The outlook is stable. The bond proceeds will be used to refund $1.77 million of the series 2017 GO bonds. The long-term 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 (AAA/Stable), reflecting: Our view of state aid appropriation risks, which are partly mitigated by strong state support for the program and consistent and well-established state aid funding; Our expectation that maximum annual debt service (MADS) coverage on all parity

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' long-term rating to Lawrence County R-V School District (Mount Vernon), Mo.'s $1.67 million series 2022 general obligation (GO) refunding bonds. The outlook is stable. The bond proceeds will be used to refund $1.77 million of the series 2017 GO bonds....

  
Report Type:

Summary

Issuer
Lawrence Cnty R-V Sch Dist (Mt. Vernon)
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Lawrence County R-V School District (Mount Vernon), Missouri; School State Program" Jan 14, 2022. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Lawrence-County-R-V-School-District-Mount-Vernon-Missouri-School-State-Program-2780600>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Lawrence County R-V School District (Mount Vernon), Missouri; School State Program Jan 14, 2022. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Lawrence-County-R-V-School-District-Mount-Vernon-Missouri-School-State-Program-2780600>
  
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