Whitehall School District, WI GO Bond Rating Lowered To #A# Due To Recent Operating Deficits, Deteriorating Reserves

Stocks and Financial Services Press Releases Wednesday January 27, 2016 09:08
CENTENNIAL--27 Jan--Standard & Poor's

CENTENNIAL (Standard & Poor's) Jan. 26, 2016--Standard & Poor's RatingsServices lowered its school underlying rating to 'A' from 'A+' on WhitehallSchool District, Wis.'s existing general obligation (GO) debt. The outlook isstable.

"The lowered rating reflects our view of the district's deteriorating reservelevels due to recent operating deficits," said Standard & Poor's creditanalyst Wendy Towber. "The district's moderately high debt burden furtherconstrains the rating," Ms. Towber added.

Whitehall School District is located in northwestern Wisconsin, primarily inTrempealeau County, with a small portion in Jackson County approximately 40miles south of Eau Claire and 50 miles north of La Crosse. The districtservices Whitehall (county seat of Trempealeau County) and Pigeon Falls, in

addition to five towns in Trempealeau County and three in Jackson County.

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