Bangkok--7 Jan--Standard & Poor's
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating and 'A' school district issuer credit rating (ICR) to Humboldt County School District, Nev.'s limited tax general obligation (GO) school improvement bonds, series 2009. The outlook is stable.
"The ICR reflects the district's good, although declining, general fund balances, good income indicators, and low overall debt levels," said Standard & Poor's credit analyst Le T. Quach. "The long-term rating reflects the strength and backing of Nevada's School District Bond Guarantee Program."
The district does not have plans for additional debt in the near term.
Humboldt County School District (population 17,560) is coterminous with Humboldt County, which is located in Northern Nevada near the Idaho and Oregon borders. The local economy is based in mining and agriculture, and the district's assessed value and enrollment are largely dependent on mining activity.
Complete ratings information is available to subscribers of RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; select your preferred country or region, then Ratings in the left navigation bar, followed by Credit Ratings Search.
Media Contact:
Edward Sweeney, New York (1) 212-438-6643, [email protected]
Analyst Contacts:
Le T Quach, San Francisco (1) 415- 371-5013
Ian Carroll, San Francisco (1) 415-371-5060
Key Contacts:
Americas Media Relations: (1) 212-438-6667
media_ [email protected]
Americas Customer Service: (1) 212-438-7280
[email protected]