Lawrence County Joint Vocational School District, OH COP Rating Cut To #A-# From #A+# On Lower-Than-Projected Reserves

Stocks and Financial Services Press Releases Tuesday January 31, 2017 16:38
CHICAGO--31 Jan--S&P Global Ratings

CHICAGO (S&P Global Ratings) Jan. 30, 2017--S&P Global Ratings lowered its long-term rating to 'A-' from 'A+' on Lawrence County Joint Vocational School District, Ohio's series 2010 certificates of participation. The outlook is stable.

"The rating action is based on our view of the district's diminished general fund reserves, to a level that is lower than previously projected," said S&P Global Ratings credit analyst Benjamin Gallovic.
The stable outlook reflects our anticipation that the district will manage its budget to maintain at least adequate reserves.

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