Summary: Romeo Community School District, Michigan; School State Program - S&P Global Ratings’ Credit Research

Summary: Romeo Community School District, Michigan; School State Program

Summary: Romeo Community School District, Michigan; School State Program - S&P Global Ratings’ Credit Research
Summary: Romeo Community School District, Michigan; School State Program
Published Oct 04, 2024
6 pages (2396 words) — Published Oct 04, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' long-term credit-enhanced rating and 'A+' underlying rating to Romeo Community School District, Mich.'s roughly $15 million series 2024 unlimited-tax general obligation (GO) school-building-and-site bonds based on the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. S&P Global Ratings also affirmed its 'A+' underlying rating on the district's existing unlimited-tax GO debt. The outlook is stable. The electorate approved the series 2024 bonds at a November 2021 election, so the district's unlimited full-faith-and-credit pledge secures the series 2024 bonds. The series 2024 bonds are the second of three planned debt issuances, with the third and final series planned for calendar 2025. Officials intend to use series 2024 bond

  
Brief Excerpt:

...Institutional framework (IF) 3 Individual credit profile (ICP) 2.49 Economy 3.0 Financial performance 2 Reserves and liquidity 1 Debt and liabilities 4.50 Management 1.95...

  
Report Type:

Summary

Issuer
Romeo Community School District
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Romeo Community School District, Michigan; School State Program" Oct 04, 2024. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Romeo-Community-School-District-Michigan-School-State-Program-3262543>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Romeo Community School District, Michigan; School State Program Oct 04, 2024. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Romeo-Community-School-District-Michigan-School-State-Program-3262543>
  
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