Summary: Washington County K-14 School District (Kingston), Missouri; School State Program - S&P Global Ratings’ Credit Research

Summary: Washington County K-14 School District (Kingston), Missouri; School State Program

Summary: Washington County K-14 School District (Kingston), Missouri; School State Program - S&P Global Ratings’ Credit Research
Summary: Washington County K-14 School District (Kingston), Missouri; School State Program
Published Jul 12, 2022
5 pages (1721 words) — Published Jul 12, 2022
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Abstract:

S&P Global Ratings assigned its 'AA+' rating and stable outlook to Washington County K-14 School District (Kingston), Mo.'s approximately $3.4 million series 2022 general obligation (GO) bonds. Officials intend to use series 2022 bond proceeds to construct, equip, and furnish a new high school gymnasium. 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 annual debt service (MADS) coverage on all parity debt by state aid payments, currently 11x,

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' rating and stable outlook to Washington County K-14 School District (Kingston), Mo.'s approximately $3.4 million series 2022 general obligation (GO) bonds. Officials intend to use series 2022 bond proceeds to construct, equip, and furnish a new high school gymnasium....

  
Report Type:

Summary

Issuer
Washington Cnty K-14 Sch Dist (Kingston)
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: Washington County K-14 School District (Kingston), Missouri; School State Program" Jul 12, 2022. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Washington-County-K-14-School-District-Kingston-Missouri-School-State-Program-2865227>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Washington County K-14 School District (Kingston), Missouri; School State Program Jul 12, 2022. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Washington-County-K-14-School-District-Kingston-Missouri-School-State-Program-2865227>
  
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