Maricopa County Unified School District No. 4 (Mesa), Arizona; General Obligation Apr 11
Standard & Poors, April 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' rating to Maricopa County Unified School District No. 4 (Mesa), Ariz.'s series 20011E school improvement bonds. In addition, Standard & Poor's affirmed its 'AA-' long-term rating and underlying rating (SPUR) on the district's general obligation (GO) bonds outstanding. The outlook is stable. The rating reflects our view of the district's: Access to the diverse Phoenix metropolitan statistical area (MSA) economy, coupled with a broad local employment base; Unreserved fund balance of 4.2% of general fund expenditures, which we consider good; Additional revenue flexibility provided by a 10% voter-authorized override and $65 million in reserves outside the general fund; and A low net overall debt burden with very rapid amortization. In our view,...
Companies mentioned in this report are:
- Maricopa Cnty Unif Sch Dist #4 Mesa
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Maricopa Cnty Unif Sch Dist #4 Mesa
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