S&P Corrects Rating On Pomona Valley Educational Joint Powers Authority, CA's 2002 Revenue Bond To 'B' Nov 12
- Language: English
- Published: November 2012
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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