- Language: English
- Published: March 2012
- Region: California
Summary: Pomona Unif Sch Dist, CA; Tax Secured, General Obligation Apr 04
- ID: 1754817
- April 2004
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' rating, and stable outlook, to Pomona Unified School District, Calif.'s $15 million series C GO bonds. The rating reflects the district's: Participation in the greater Los Angeles MSA economy; Steady growth of a large, diverse property tax base; and Good historical financial performance. These strengths are offset by the district's: Below-average income and wealth levels and high unemployment; Recent declines in the general fund balance due to state aid reductions; and Moderate debt burden with below-average amortization. The district's unlimited ad valorem tax pledge secures the bonds. The 32-square-mile Pomona Unified School District, with an estimated population of 160,000, is in Los Angeles County, 30 miles east of Los Angeles, Calif. The...
Companies mentioned in this report are: Pomona Unif Sch Dist
Action: New Rating
Action: Outlook: Stable
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.
SHOW LESS READ MORE >
Pomona Unif Sch Dist