CUSIP 157742DN4
- ISIN: US157742DN43
- Entity Name: Chamberlain School District NO. 07-1
- Sector: Municipal
- Announcement Date: 08-Nov-2018
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 15-Jan-2026
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Rating Downgrade
- News: S&P Global Ratings lowered its long-term rating to `A+` from `AA` on Chamberlain School District No. 7-1, (Brule, Buffalo, and Lyman Counties), S.D.`s series 2016 limited-tax capital outlay certificates. The outlook is stable. ""The lowered rating reflects the application of our ""Issue Credit Ratings Linked To U.S. Public Finance Obligors` Creditworthiness"" (RLOC) criteria, published Jan. 22, 2018, on RatingsDirect,"" said S&P Global Ratings credit analyst Taylor Budrow. The rating further reflects our view of the district`s slower than average amortization and income indicators, which, while at levels that we consider adequate, are not commensurate with those of its higher-rated peers. Offsetting the above weakness is our view of the district`s: Very strong market value per capita indicators; Available reserves that we consider very strong; and Very low to low overall debt burden.
- Description: Municipal Name: Chamberlain School District NO. 07-1 CUSIP: 157742DN4 Currency: USD Chamberlain School District NO. 07-1 announced today that the Standard & Poor s Rating has downgraded the long-term ratings of the Series 2016, Limited Tax Capital Outlay Certificates from AA to A+.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US157742DN43
