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
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