South Carolina School District Enjoys Moody's Upgrade Ahead of $8M Sale

DeSue, Tedra
December 2004
Bond Buyer;12/16/2004, Vol. 350 Issue 32031, p29
Trade Publication
The article gives information about Richland County, South Carolina, School District No. 2, which has prepared to sell almost $8 million of general obligation bonds today. As the school gets ready to sell bonds, Moody's Investors Service Inc. has raised the underlying rating it assigns the credit to Aa3 from Al. Tuesday's upgrade reflects the district's ongoing steady tax base growth, stable financial operations despite midyear cuts in state aid over the past three years and a moderate but growing debt position. A negative outlook was assigned, however, based on the additional security provided by the South Carolina school district credit enhancement program. It is designed to ensure timely debt service payments through state appropriations. Because the program relies on state appropriations, Moody's analysts say it has a negative outlook as does the state.


Related Articles

  • Moody's: Pickens Schools Back to Stable Outlook.  // Bond Buyer;11/7/2006, Vol. 358 Issue 32503, p2 

    The article reports on the assignment of A2 bond rating by Moody's Investors Service Inc. to $ 31.5 million general obligation unlimited tax debt of the school district in Pickens County, South Carolina. The rating agency grants an A2 rating as well as removed the negative outlook on the bonds,...

  • Arlington ISD Nets Upgrade to Aa2.  // Bond Buyer;7/23/2007, Vol. 361 Issue 32676, p2 

    The article reports that Arlington Independent School District's (ISD) underlying rating has been upgraded by Moody's Investors Service from Aa2 to Aa3 in Arlington, Texas. The agency, as cited, has further assigned an Aa2 underlying and Aaa enhanced rating to the $117.1 million sale of Series...

  • Texas Tech Earns Upgrade. Williamson, Richard // Bond Buyer;3/10/2015, Vol. 1, p22 

    The article reports on the upgrade in the rating given to Texas Tech University by Moody's Investors Service in 2015. Topics covered include the financial resources and enrollment increases in the campus. Also mentioned is the rating of AA1 given by the firm due to its strong financial state in...

  • Stable Oakland Schools. Saskal, Rich // Bond Buyer;5/7/2004, Vol. 348 Issue 31879, p37 

    Reports that the Moody's Investors Service Inc. raised the general obligation bond ratings of Oakland Unified School District in California. Financial problems of the school district; Financial assistance to the school district.

  • Ogdensburg, N.Y., Schools Cut to Baa2 by Moody's.  // Bond Buyer;9/21/2009, Vol. 369 Issue 33186, p2 

    The article reports that Moody's Investors Service Inc. has downgraded the general obligation bond rating of school districts in Ogdensburg City, New York, to Baa2 from Baa1. According to analysts, the downgrade is based on the district's low general fund balance and net cash position, along...

  • Moody's Q4, '15 view strong. INVESTOR'S BUSINESS DAILY // Investors Business Daily;2/9/2015, pA02 

    The article offers information on the financial performance of credit rating agency Moody's in the fourth quarter (Q4) of 2014 and mentions projection on strong gains on its bond-ratings and analytics division in 2015.

  • C.R. Schools Go Negative. Devitt, Caitlin // Bond Buyer;2/16/2011, Vol. 375 Issue 33468, p7 

    The article reports that Moody's Investors Services Inc. has approved the Aa2 bond rating on the Cedar Rapids School District in Iowa.

  • ILLINOIS: District Falls Two Levels. Shields, Yvette // Bond Buyer;8/1/2012, Vol. 381 Issue 33757, p7 

    The article reports on the downgrade of bond rating of Illinois' Douglas and Champaign Counties Community Unit School District 301 by Moody's Investors Service Inc. in 2012.

  • NEW YORK: Moody's Upgrades Skidmore. Phillips, Ted // Bond Buyer;11/5/2007, Vol. 362 Issue 32748, p9 

    The article reports on a bond rating of Skidmore College, Saratoga Springs, New York assigned by Moody's Investors Service Inc. The credit rating agency upgraded Skidmore College to A1 from A2 with a stable outlook. According to the agency, the institute benefits from a healthy student market...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics