Bangkok--23 Apr--Standard & Poor's
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, with a stable outlook, to Okanogan and Chelan Counties School District No. 122 (Pateros), Wash.'s unlimited-tax general obligation (GO) bonds series 2009. The rating on the district's bonds reflects the school district's eligibility for, and expected participation in, the Washington School Bond Guarantee Program.
"The stable outlook reflects the outlook on the state's GO bond rating," said Standard & Poor's credit analyst Li H. Yang.
The district is situated in northern Washington and encompasses roughly 300 square miles, serving an estimated population of 1,600 residents located in both Okanogan and Chelan counties. The district operates the Pateros School, grades K-12 with 281 full time equivalent students in fiscal 2008. Bond proceeds will be used to fund capital construction and improvement projects to the district's educational facilities.
RELATED RESEARCH
USPF Criteria: "State Credit Enhancement Programs," Nov. 13, 2008
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Media Contact:
Ana Sandoval, New York (1) 212-438-5095, [email protected]
Analyst Contacts:
Li H Yang, San Francisco (1) 415-371-5024
Sussan Corson, New York (1) 212-438-2014
Key Contacts:
Americas Media Relations: (1) 212-438-6667
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