Chamberlain School District NO. 07-1
CUSIP 157742DN4
- Issue Currency: United States of America Dollars
- Announcement Date: 08-Nov-2018
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 08-Nov-2018
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 12-Nov-2018
- 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.
