Martinez Unified School District, CA's, GO Rtg Raised To 'AA-' On Decreased Taxpayer Concentration And Strong Reserves

Standard & Poors, April 2011

Abstract
SAN FRANCISCO (Standard & Poor's) April 8, 2011--Standard & Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) to 'AA-' from 'A+' on Martinez Unified School District, Calif.'s general obligation (GO) bonds. At the same time, Standard & Poor's assigned its 'AA-' rating to the district's series 2011 GO bonds and series 2011 GO refunding bonds. The outlook is stable. The rating also reflects our view of the district's: Participation in the broad and diverse San Francisco Bay Area economy; Very strong income indicators; and Low-to-moderate debt burden. In our view, the above strengths are partially offset by the district's concentrated taxpayer base and a constrained state budget environment that has resulted in decreased revenues for the district....

Companies mentioned in this report are: Martinez Unif Sch Dist
Action: Outlook: Stable
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.

Martinez Unif Sch Dist

Customers who bought this item also bought

• 2012 America's Neighborhoods-Zip Code 94553 for Martinez, CA report
• Library Use of eBooks, 2013 Edition
• Trends in Photography Special Collections Management, 2011 Edition
• Counter-Terrorism and International Law
• 2012 America's Neighborhoods-Zip Code 94080 for South San Francisco, CA report
• 2012 America's Neighborhoods-Zip Code 94109 for San Francisco, CA report
• 2012 America's Neighborhoods-Zip Code 94110 for San Francisco, CA report
• 2012 America's Neighborhoods-Zip Code 94112 for San Francisco, CA report
• 2012 America's Neighborhoods-Zip Code 94122 for San Francisco, CA report
• Diploma Matters. A Field Guide for College and Career Readiness