Vandercook Lake Public Schools, MI GO Debt Rating Lowered To 'A-', Removed From Under Criteria Observation - S&P Global Ratings’ Credit Research

Vandercook Lake Public Schools, MI GO Debt Rating Lowered To 'A-', Removed From Under Criteria Observation

Vandercook Lake Public Schools, MI GO Debt Rating Lowered To 'A-', Removed From Under Criteria Observation - S&P Global Ratings’ Credit Research
Vandercook Lake Public Schools, MI GO Debt Rating Lowered To 'A-', Removed From Under Criteria Observation
Published Feb 10, 2025
2 pages (1044 words) — Published Feb 10, 2025
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Abstract:

CHICAGO (S&P Global Ratings) Feb. 10, 2025--S&P Global Ratings lowered its rating to 'A-' from 'A' on Vandercook Lake Public Schools, Mich.'s general obligation (GO) debt outstanding and removed the rating from Under Criteria Observation. The outlook is stable. The rating reflects the application of our "Methodology For Rating U.S. Governments," published Sept. 9, 2024. "The stable outlook reflects the potential significant increase in Vandercook Lake Public Schools' debt burden, which we believe could result in additional budgetary pressure," said S&P Global Ratings credit analyst Emma Steyaert. The district's full faith, credit, resources, and agreement to levy ad valorem property taxes, without limit as to rate or amount, secure the district's GO debt outstanding.

  
Brief Excerpt:

...February 10, 2025 CHICAGO (S&P Global Ratings) Feb. 10, 2025--S&P Global Ratings lowered its rating to 'A-' from 'A' on Vandercook Lake Public Schools, Mich.'s general obligation (GO) debt outstanding and removed the rating from Under Criteria Observation. The outlook is stable. The rating reflects the application of our "Methodology For Rating U.S. Governments," published Sept. 9, 2024. "The stable outlook reflects the potential significant increase in Vandercook Lake Public Schools' debt burden, which we believe could result in additional budgetary pressure," said S&P Global Ratings credit analyst Emma Steyaert. The district's full faith, credit, resources, and agreement to levy ad valorem property taxes, without limit as to rate or amount, secure the district's GO debt outstanding....

  
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MLA:
S&P Global Ratings’ Credit Research. "Vandercook Lake Public Schools, MI GO Debt Rating Lowered To 'A-', Removed From Under Criteria Observation" Feb 10, 2025. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Vandercook-Lake-Public-Schools-MI-GO-Debt-Rating-Lowered-To-A-Removed-From-Under-Criteria-Observation-3321048>
  
APA:
S&P Global Ratings’ Credit Research. (). Vandercook Lake Public Schools, MI GO Debt Rating Lowered To 'A-', Removed From Under Criteria Observation Feb 10, 2025. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Vandercook-Lake-Public-Schools-MI-GO-Debt-Rating-Lowered-To-A-Removed-From-Under-Criteria-Observation-3321048>
  
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