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Summary: Pomona Unif Sch Dist, CA; General Obligation, School District
Standard & Poors, November 2000
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 rating on Pomona Unified School District, Calif.'s bonds reflects the following credit strengths: Accessibility to the greater Los Angeles County employment base, Stable tax base with no concentration in the leading taxpayers, and Continued strong financial performance. Tempering factors include: A moderate debt burden, High unemployment, and Below-average income levels. The bonds are secured by the district's unlimited ad valorem tax pledge. The district (K-12), with average daily attendance of 31,912, serves an estimated 160,000 residents in Pomona and portions of Industry and Diamond Bar. Student to teacher ratios are currently at 20 to 1 (K-3), 30 to 1 (4-6), 32 to 1 (7-12), with the state's average at 27 to 1. District residents generally find employment within the...
Companies mentioned in this report are: Pomona Unif Sch Dist
Action: New Rating
Pomona Unif Sch Dist