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S&P revises Belding Area Schools, Mich. outlook to negative
August 27, 2013 / 4:58 PM / 4 years ago

S&P revises Belding Area Schools, Mich. outlook to negative

Aug 27 (Reuters) - Standard & Poor’s Ratings Services on Tuesday revised Belding Area Schools, Michigan’s outlook to negative from stable.

The outlook revision to negative reflects the “district’s deteriorating financial positions as a result of chronic deficits, both historically and in the near future,” S&P said.

The company also affirmed Belding’s A-plus rating on the outstanding general obligation debt.

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