- Language: English
- Published: March 2012
- Region: California
Summary: Pomona Unif Sch Dist, CA; General Obligation, School District
- ID: 1754443
- January 2000
- Standard & Poors
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on Pomona Unified School District, Calif.'s bonds reflect the district's: Easy access to the greater Los Angeles County employment base, Stable tax base with no concentration in the leading taxpayers, Moderate debt levels, and Continued strong financial performance. An offsetting factor is that the district, along with many other municipalities within Los Angeles County, has experienced lingering effects of the mid-1990s recession and is just now beginning to see positive movement in assessed property values. The bonds are secured by the district's unlimited ad valorem tax pledge. The district (K-12) serves 160,000 residents in Pomona and portions of Industry and Diamond Bar, Calif. The district's average daily attendance (31,500) has returned to its fiscal 1998 level, adjusting for...
Companies mentioned in this report are: Pomona Unif Sch Dist
Action: New Rating
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Pomona Unif Sch Dist