Summary: Stoddard Cnty R-XI Sch Dist Dexter, MO; Tax Secured, School State Program - S&P Global Ratings’ Credit Research

Summary: Stoddard Cnty R-XI Sch Dist Dexter, MO; Tax Secured, School State Program

Summary: Stoddard Cnty R-XI Sch Dist Dexter, MO; Tax Secured, School State Program - S&P Global Ratings’ Credit Research
Summary: Stoddard Cnty R-XI Sch Dist Dexter, MO; Tax Secured, School State Program
Published Aug 19, 2003
456 words — Published Aug 19, 2003
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Abstract:

The 'AA+' rating on Stoddard County R-XI School District, Dexter, Mo.'s GO refunding bonds series 2003 reflects the direct deposit of portions of monthly state aid payments by the state to a bond trustee. State aid covers maximum annual program debt service over 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, department of elementary and secondary education, the health and educational facilities authority, and the deposit trustee. The direct deposit agreement provides that during each of the first 10 months in each bond year, one-tenth of debt service will be deposited with the deposit trustee. The direct deposit trustee will invest these funds in investments that meet Standard&Poor's Ratings Services' criteria

  
Brief Excerpt:

RESEARCH Summary: Stoddard Cnty R-XI Sch Dist Dexter, MO; Tax Secured, School State Program Publication date: 19-Aug-2003 Credit Profile $4.065 mil GO rfdg bnds (Missouri Direct Deposit Prog) ser 2003 dtd 09/10/2003 due 03/01/2004-2014...

  
Report Type:

Summary

Issuer
Stoddard Cnty R-XI Sch Dist Dexter
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Stoddard Cnty R-XI Sch Dist Dexter, MO; Tax Secured, School State Program" Aug 19, 2003. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Stoddard-Cnty-R-XI-Sch-Dist-Dexter-MO-Tax-Secured-School-State-Program-328959>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Stoddard Cnty R-XI Sch Dist Dexter, MO; Tax Secured, School State Program Aug 19, 2003. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Stoddard-Cnty-R-XI-Sch-Dist-Dexter-MO-Tax-Secured-School-State-Program-328959>
  
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