Fitch U.S. Public Surveillance: Kettle Moraine School District, (Wisconsin) GOs Affirmed at 'AA'.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- In the course of routine surveillance, Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has affirmed Kettle Moraine School District, Wisconsin's approximately $23.4 million in outstanding general obligation (GO) debt at 'AA'. The Rating Outlook is Stable. The affirmation reflects the district's affluent tax base, strong general fund reserves, and moderate debt levels with rapid amortization. Additionally, anticipated modest enrollment growth and internal financing internal financing The financing of asset purchases with funds generated in the usual course of operations rather than funds that are borrowed or raised from the issuance of stock. of ongoing capital maintenance limit future borrowing needs. Risks continue to include constrained financial flexibility due to state revenue limitations and the potential for delays or reductions in state support due to budgetary issues at the state level. Kettle Moraine School District serves a 90-square mile area of Waukesha and Jefferson counties in southeastern Wisconsin approximately 35 miles west of Milwaukee. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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