Pearl River County School District, MS# Series 2018 GO Bonds Assigned #A# Rating

Stocks and Financial Services Press Releases Wednesday June 27, 2018 09:00
CENTENNIAL--27 Jun--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) June 26, 2018--S&P Global Ratings assigned its 'A' long-term rating to Pearl River County School District, Miss.' series 2018 general obligation (GO) bonds. The outlook is stable.

Officials will use proceeds for a number of districtwide projects, including classroom expansions and renovations and HVAC upgrades.

"The GO rating reflects our view of the district's stable tax base and very strong available reserves, offset by its adequate but below-average wealth and income levels," said S&P Global Ratings credit analyst Joyce Jung.

The stable outlook reflects our expectation that the district's finances will remain very strong. Therefore, we do not anticipate changing the rating within our two-year outlook horizon.
We could lower the rating if the district's reserves deteriorate to a level no longer comparable with that of its peers.

We could raise the rating if the district's economy expands, increasing its wealth and income to levels commensurate with those of higher-rated peers, and if the district implements more robust financial practices and policies.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further

information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


Latest Press Release

KTC invites book lovers to enjoy Big Bad Wolf Book Sale Chiang Mai 2018.

"KTC" or Krungthai Card Public Company Limited in cooperation with Ready To Read Company Limited give privilege to KTC cardmembers in Chiang Mai and its nearby provinces to enjoy the book fair "Big Bad Wolf Book sale Chiang Mai 2018" with more than 1...

KBank and CENTRAL Group launch K DAY Hey DAY@CENTRAL I ZEN campaign

To promote K-Credit Card as the "Lifestyle Credit Card" under the One Card for Use Every Day Concept, KBank has teamed up with a retail giant CENTRAL Group to unveil the "K DAY Hey DAY@CENTRAL I ZEN" special campaign to please every K-Credit Cardholder....

Siam Commercial Bank and SCB Abacus announces success of AI-powered lending platform for SMEs on Lazada to capture booming e-commerce trend

The new solution marks Thailand's first e-marketplace end-to-end digital lending platform and reinforces SCB's industry leadership Siam Commercial Bank (SCB) announces the success of "Clickcash" (Mae Manee Sri Online), Thailand's first end-to-end...

THE FINLAB LAUNCHES THAILANDS FIRST BUSINESS ACCELERATOR FOR SMEs

The FinLab announced the launch of its Smart Business Transformation Programme to help Thailand-based small- and medium-sized enterprises (SMEs) transform their businesses through digital solutions. The programme is supported by United Overseas Bank...

Photo Release: KBank teams up with PTTOR to offer first KBank Service at Cafe Amazon, PTT Service Station (Ekamai-Ramintra)

Ms. Jiraporn Khaosawas (1st from left), Chief Executive Officer and Managing Director of PTT Oil and Retail Business PCL. (PTTOR), and Mr. Patchara Samalapa, KBank President, recently introduced "KBank Service" or deposit service at Cafe Amazon, PTT...

Related Topics