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Summary: Martinez Unified School District, California; General Obligation Apr 11

  • ID: 1784928
  • April 2011
  • Region: California
  • Standard & Poors
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  • Martinez Unif Sch Dist
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Abstract
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 (GO) general obligation bonds. The upgrade reflects our view of a decrease in taxpayer concentration and maintenance of a strong general fund position despite a state funding decrease. At the same time, Standard & Poor's assigned its 'AA-' rating to the district's series 2011 GO bonds and the 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...

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 READ MORE >

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- Martinez Unif Sch Dist

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