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

mai welcomes petroleum transport provider VL on May 21

Market for Alternative Investment (mai) will list V.L. Enterprise pcl, a marine transportation service provider for petroleum and chemical products, on May 21, under the ticker symbol "VL". The company has a market capitalization at its initial public...

ThomasLloyd Launches First Open-ended Public Infrastructure Fund and Signs Global Fund Distribution Agreement With Allfunds

The global investment and advisory firm ThomasLloyd announced that it is cooperating with Allfunds, one of the world's leading distributors of investment funds. Following the signing of a global framework agreement relating to ThomasLloyd´s fund...

Ichitan Group unveils high Q1 net profit with 247.1% YoY growth, aiming for continuous growth in Q2 through regional exports

Ichitan Group Public Company Limited (SET:ICHI) today announces a strong net profit growth of 247.1% YoY in the first quarter worth 114.2 million baht, accounting for net profit margin of 8.7%. Such profit is derived from management efficiency and a...

KBank opens the exhibition booth at Money Expo Bangkok To offer special promotions under KBank Always With You concept

KBank will make its presence felt at Money Expo Bangkok from May 16-19, 2019 by offering special promotions, discounts, bonuses, giveaways and privileges for homebuyers looking for mortgage loans, together with the best interest rates and conditions for...

Fitch Rates EXIM#s USD Senior Notes #BBB+(EXP)#

Fitch Ratings has assigned an expected rating of 'BBB+(EXP)' to Export-Import Bank of Thailand's (EXIM, BBB+/Stable) five-year senior unsecured notes. The notes will be issued under the bank's USD1.5 billion medium-term note (MTN) programme. EXIM plans...

Related Topics