S&P: St. Louis County School District No. 101 (Affton), MO Issuer Credit Rating And COP Rating Lowered Two Notches
"The rating action reflects our view of the district's reduced reserve position and its failure to make timely debt service payments in September 2015, which we believe resulted from management's insufficient debt monitoring system," said S&P Global Ratings credit analyst Katelyn Batesel.
The stable outlook reflects our expectation that the district will maintain at least good reserves for the foreseeable future.
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