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Summary: Pinal County Unified School District No.1 (Florence), Arizona; General Obligation May 11
Standard & Poors, May 2011
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Pinal County Unified School District No. 1 (Florence), Ariz.'s series 2011 general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'A' long-term and underlying rating (SPUR) on the district's outstanding GO bonds. The outlook on all bonds is stable. The rating reflects our view of the district's: Access to, and participation in, the diverse Phoenix metropolitan area; Adequate financial performance, with various tax overrides in place that provide additional financial flexibility; and Low debt burden. In our opinion, the above strengths are offset by significant declines in secondary assessed value (AV), as well as uncertainties surrounding state budgetary pressures and the potential for additional...
Companies mentioned in this report are: Pinal Cnty Unif Sch Dist # 1 Florence
Action: New Rating
Action: Outlook: Stable
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Pinal Cnty Unif Sch Dist # 1 Florence