Bangkok--14 Jan--Standard & Poor's
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating and 'A-' school district issuer credit rating (ICR) to Pershing County School District, Nev.'s limited tax general obligation (GO) school improvement bonds, series 2009. The outlook is stable.
"The 'AAA' long-term rating reflects the strength and backing of Nevada's School District Bond Guarantee Program," said Standard & Poor's credit analyst Le T. Quach. "The ICR reflects the district's strong financial position, good management practices, and very strong market value per capita."
The bonds are being issued to acquire, construct, improve and equip school facilities.
Pershing County School District has a population of 6,299 and is coterminous with Pershing County in northwestern Nevada. The county seat and largest city is Lovelock (not rated). Local economic activities are centered on silver and gold mining as well as agriculture.
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 Find a Rating.
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]