English, please 2

Can anyone translate this? I don't know if this is good or bad for TPS.
CHICAGO - (Business Wire) Fitch Ratings assigns an 'AA' rating to the Toledo City School District (the district), Ohio's approximately $96 million of outstanding general obligation (GO) (unlimited tax) school facilities improvement bonds, series 2003B. The rating is based on the full qualification of the series 2003B bonds for participation in the Ohio School District Credit Enhancement Program (the program); unlimited ad valorem taxes on all taxable property within the district are the anticipated payment and security source for the bonds. The Rating Outlook is Negative, reflecting the Negative Outlook assigned to the state of Ohio's GO rating of 'AA+'. The school district credit enhancement program rating is correlated to the state of Ohio's general credit quality due to the strong legal obligation for the state to fulfill its obligations under the program.

The 'AA' program rating reflects Ohio's statutory requirements for the Ohio Department of Education (ODE) to forward state foundation program payments otherwise due the district to the bond registrar if, prior to the bond payment date, the district has not transmitted funds sufficient to cover required debt service payments on the bonds for any reason. Series 2003B bondholders benefit from rigorous financial oversight, monitoring of school districts by ODE, and strong program mechanics that include a thorough review and approval process of school district applications for program participation by ODE and Ohio Office of Budget and Management (OBM).

Eligible school districts must prove that foundation program payments received in the prior three fiscal years exceed 1.25 times (x) the maximum annual debt service (MADS) on the proposed bonds and outstanding obligations covered by the enhancement program. Over the past three fiscal years, the district's state foundation aid payments exceeded MADS by at least 9x. Fitch expects the district may issue approximately $32 million of GO bonds in the next several months, which would leverage state aid receipts further. Nonetheless, debt service coverage of existing and proposed bonds will remain healthy and well above the program's minimum required coverage levels.

For more information on the state enhancement program, see rating action commentary entitled 'Fitch Assigns Negative Outlook to Ohio School District Enhancement Program Bonds, Affirms 'AA' Rating', dated Feb. 29, 2009.

Fitch issued an exposure draft on July 31, 2008 proposing a recalibration of tax-supported

and water/sewer revenue bond ratings which, if adopted, may result in an upward revision of this rating (see Fitch research 'Exposure Draft: Reassessment of the Municipal Ratings Framework'.) At this time, Fitch is deferring its final determination on municipal recalibration. Fitch will continue to monitor market and credit conditions, and plans to revisit the recalibration in the first quarter of 2009.

Fitch's rating definitions and the terms of use 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 are also available from the 'Code of Conduct' section of this site.

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Next time, place a comma between English and Please, as is appropriate in the written language, okay?
Phakit Mann


but I would still love this translated :)

but from the untrained eye, it looks like fitch is some sort of risk assessment firm. fitch has given the toledo district (not to be confused with tps) a rating of "AA", which seems to be roughly based on anticipated taxes and the collection thereof from property values in the district.

this is a lower assessment than the "AA+" that somehow the state of ohio is obligated ... to ... cover... as credit... or issued bonds? sorry, but I don't follow the public school system, like at all, so this is all greek to me.

anyway, if i'm correct it initially looks bad but then the report implies there is still enough bonds, credit, whatever to cover shit. and i think the gist of fitch's suggestion is to reassess taxes based on municipal services (ie. raise taxes) to bring the district back up to "AA+"... and again i'm vague on this part >> be less of a credit drain, or roughly something like that, on the state of ohio.

edit: oh, they are actually saying don't raise taxes YET but let's come back to this at the end of the year... see how the economy is going... and if all is well raise taxes then.

they are not talking about the building program bonds?

I , compiled , from this site, the Devil inspired HATE , that flows from the 'regular' , incompetents, that blog here. I, took 4, of the most HATED , people that bloggers here poured their hydrochloric acid strength HATE upon( I excluded myself , do to the 100 % hate ), 1) G.W.Bush, 2) Rush Limbaugh, 3) Sarah Palin, and 4) Joe,the plumber, and compared that to the LOVE, these same bloggers show on those people they purport to adulate/ love/ admire ! I must admit, I had a very, very, very, difficult time finding ANYONE, these HATERS love so, I CHEATED .I used Marcy Kapturd and, B.Hussein Obama...TWICE( squared, for you math challenged ). After compiling THAT figure, I do not have good news to report. You radical , leftist ,godless heathens , actually HATE , at a rate 60 times the rate you, LOVE, ADULATE,ADMIRE !!!! You do the same , to see if you come up with the same numbers I did ! It wasn't surprising , in fact, I predicted at least a HATE vs. LOVE, ratio of at least 35 times...no way did I ever believe , that your HATE... could be so, so, so thorough, so complete, so total , so whole and so.....congenital !!

it's way beyond hate.

no amount of hydrochloric or muratic acid can register how much I despise you, your failure to construct sentences properly and finally your sickening racist attacks on people with much different beliefs than yours that view life in a much more realistic world than the one you dwell within.

You must be dying that The Blade removed their comments feature lol

and phlegm spewers , can participate in this exercise also. After all, I am sinewy enough and, certainly am uxorious enough , to fend off your typical lies, slander and, of course the one I love the best.....ready ? The one begging ( NAZI-LIKE ) , to CENSOR !!! Let's here it for CENSORSHIP !! When your arguments fail , when your hysteria fails, when your lies fail,....that ol' stand by of CENSORSHIP, is the cowards last flailing effort , to inflict their KILL FREE SPEECH , mantra...upon advocates of ....FREE SPEECH ! Ask your miserable selves, has P. Mann , asked the webmaster , to silence any of you knuckle draggers ??! Be honest....OOPS , that requires integrity , my regrets !!

looks like I touched a nerve, eh coonie?

free speech? from you?

censor? from you?

maybe I should call coonie at work and share my insight with him, eh?

or maybe better yet, call him at home.

should I wait until someone kicks in his door and beats him up first?

that integrity is going to be pretty tasty, Coonie

your views and insight seriously conflict with mine, Mikey, so therefore I think I have to contact you and share with you my view of the truth.


Ux*o"ri*ous\, a. [L. uxorius, fr. uxor a wife.] Excessively fond of, or submissive to, a wife; being a dependent husband. "Uxorious magistrates." --Milton.

Pavlov's, dog....continues to bark , long ,long, long,long, ...after the caravan... disappears into ... darkness.I make you retort even AFTER, you pukes say you WON"T. My effect on you must be upsetting to your mommie. I am sure her lament is, aren't you ever going to get a job and, leave HOME !!! Eat another Barney Fwank and, send some money to Auntie Zeituni Onyango.She's, now in Cleveland and, has become a great fan of the Browns !! She also adores LeBron James, apparently HE, has sent Onyango a rather large check ! Have you ? What , NO MONEY...get a job and move out like mommie wants.COMMENSE DROOLING, I DEMAND YOU TO SLOBBER !!! DO IT...even after I leave to go home for the night...you screamers... continue to SCREAM, into the night !! THE EFFECT...IS SOMETHING ...you cannot fix...soooo, live with it twink !

it's related to a specific building-improvement bond. I think Fitch was hired specifically to review the district for this particular bond?

I haven't been to a message board in years that allows this sort of rampant idiocy.

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