Maricopa County Unified School District No. 11 (Peoria), Arizona; General Obligation Feb 11

Standard & Poors, February 2011

Abstract
Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating to Maricopa County Unified School District No. 11 (Peoria), Ariz.'s series 2011 general obligation (GO) school improvement bonds and affirmed its 'AA-' long-term rating and underlying rating (SPUR) on the district's parity GO debt. In our opinion, the rating reflects: Easy access to the deep and diverse metropolitan Phoenix economy; Solid underlying economic indicators, characterized by good resident income levels, strong per capita property wealth, and low levels of unemployment; Additional revenue flexibility provided by a recently renewed seven-year 10% voter-authorized override; and Moderate overall net debt burden, limited projected future capital needs, and what we consider to be a manageable pension and other postemployment liability obligation. In our...

Companies mentioned in this report are:
- Maricopa Cnty Unif Sch Dist #11 Peoria

Action: New Rating

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.

Research Type: Full Analysis

- Maricopa Cnty Unif Sch Dist #11 Peoria

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