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

Summary: Vernon County R-V School District, Missouri; School State Program

Summary: Vernon County R-V School District, Missouri; School State Program - S&P Global Ratings’ Credit Research
Summary: Vernon County R-V School District, Missouri; School State Program
Published Sep 28, 2023
5 pages (1742 words) — Published Sep 28, 2023
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Abstract:

S&P Global Ratings assigned its 'AA+' rating to Vernon County R-V School District (Nevada), Mo.'s roughly $6 million series 2023 general obligation (GO) bonds. The outlook is stable. Participation in the Missouri Direct Deposit of State Aid program secures the bonds. Officials intend to use series 2023 bond proceeds to construct a new elementary school and complete various capital improvements. The 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, reflecting: Our view of state aid appropriation risk, partially mitigated by strong state support for the program and consistent, well-established state aid funding; Our expectation that maximum

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##+' rating to Vernon County R-V School District (Nevada), Mo.'s roughly $6 million series 2023 general obligation (GO) bonds. + The outlook is stable....

  
Report Type:

Summary

Issuer
Vernon County R-V School District (Nevada)
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Vernon County R-V School District, Missouri; School State Program" Sep 28, 2023. Alacra Store. May 14, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Vernon-County-R-V-School-District-Missouri-School-State-Program-3061641>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Vernon County R-V School District, Missouri; School State Program Sep 28, 2023. New York, NY: Alacra Store. Retrieved May 14, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Vernon-County-R-V-School-District-Missouri-School-State-Program-3061641>
  
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