Research And Markets Research And Markets

Summary: Pomona Unif Sch Dist, CA; Tax Secured, General Obligation Apr 04

  • ID: 1754817
  • April 2004
  • Standard & Poors
1 of 3

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: Affirmed
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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

Pomona Unif Sch Dist

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown