Orange Gets Juiced

Carvlin, Elizabeth
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p31
Trade Publication
The article informs that the Orange School District became the first school district in Ohio to get a AAA rating from Standard & Poor's, which raised it from AA-plus. The district, located east of Cleveland, has $26.5 million of general obligation debt outstanding. The agency has upgraded the unlimited tax school improvement GOs in large part because of community support for district levies and because of the policy to maintain a minimum general fund cash balance of three months' expenditures.


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