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Bonita Unified School District, CA's GO Bond Rating, SPUR Raised To 'AA-'; COPs Rating, SPUR Raised To 'A+'
Standard & Poors, Aug 2009
Abstract
SAN FRANCISCO (Standard & Poor's) Aug. 26, 2009--Standard & Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'AA-' from 'A+' on Bonita Unified School District, Calif.'s series A and B (election of 2008) general obligation (GO) bonds. At the same time, Standard & Poor's raised its rating and SPUR on the district's outstanding certificates of participation (COPs) to 'A+' from 'A'. Finally, Standard & Poor's assigned its 'AA-' rating to the district's GO bonds. The outlook on all ratings is stable. 'The ratings reflect our view of the district's track record of consistently maintaining strong fund balance levels in recent years, even in light of state funding challenges,' said Standard & Poor's credit analyst Bryan Moore. The...
Companies mentioned in this report are: Bonita Unif Sch Dist
Action: New Rating
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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