St. Vrain Valley School District No. RE-1J, CO GO Refunding Bonds Assigned #AA# Rating

Stocks and Financial Services Press Releases Friday February 12, 2016 09:16
CENTENNIAL--12 Feb--Standard & Poor's

CENTENNIAL (Standard & Poor's) Feb. 11, 2016--Standard & Poor's Ratings Services assigned its 'AA' long-term rating and underlying rating for credit program to St. Vrain Valley School District No. RE-1J, Colo.'s 2016A general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA' underlying rating for credit program, long-term rating, and underlying rating (SPUR) on the district's previously issued GO debt. The outlook is stable.

"The 'AA' rating reflects our view of such factors as the district's participation in the broad and diverse Boulder County economy, strong-to-very-strong incomes and extremely strong wealth, and continued operational surpluses and very strong reserves," said Standard & Poor's credit analyst Michael Parker.

Officials will use bond proceeds to refund portions of the district's series 2005B and 2009 GO bonds outstanding for interest cost savings.

The stable outlook reflects our opinion of the district's consistently strong financial performance and maintenance of very strong reserves, and anticipation that the district will maintain reserves at or above its reserve policy requirement.

Latest Press Release

Photo Release: KBank wins Best Private Bank in Thailand 2018 award on the global stage

Mr. Jirawat Supornpaibul, Private Banking Group Head, recently represented KBank to receive the "Best Private Bank in Thailand 2018" award at the PWM/The Banker Global Private Banking Awards, organized by The Banker Magazine. It is the 24th best private...

Fitch Affirms BAFS at #A+(tha)#; Maintains Negative Outlook

Fitch Ratings (Thailand) Limited has affirmed Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating at 'A+(tha)' and maintained Negative Outlook. Fitch has also affirmed BAFS's National Short-Term Rating at...

SET lists first depositary receipt representing overseas ETF on December 18

The Stock Exchange of Thailand (SET)'s first depositary receipt, DR, representing a Vietnam exchange-traded fund (ETF), issued by Bualuang Securities pcl (BLS), will be listed on December 18 under the ticker symbol "E1VFVN3001". SET President Pakorn...

Fitch Affirms SMBC Bangkok Branch#s THB Notes at #AAA(tha)#

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on Sumitomo Mitsui Banking Corporation, Bangkok Branch's (SMBC Bangkok Branch) Thai baht-denominated senior unsecured notes at 'AAA(tha)'. KEY RATING DRIVERS The note ratings are based...

Bangkok Bank joins with R3 consortium to develop new generation L/C service using Blockchain technology

Bangkok Bank collaborates with leading global trade finance banks to develop Letter of Credit (L/C) service using Blockchain technology to increase efficiency at every step of the transaction process. Bangkok Bank Executive Vice President Ian Guy Gillard...

Related Topics