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Martinez Unified School District, CA's, GO Rtg Raised To 'AA-' On Decreased Taxpayer Concentration And Strong Reserves
Standard & Poors, April 2011
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
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Martinez Unif Sch Dist