Standard & Poor's Ratings Services assigned its 'AA' rating to Maricopa County Unified School District No. 80 (Chandler), Ariz.'s series 2011A-1 school improvement general obligation (GO) bonds and series 2011A-2 qualified school construction bonds (QSCBs). In addition, Standard & Poor's affirmed its 'AA' underlying rating (SPUR) on the district's GO bonds outstanding. The outlook on all ratings is stable. The rating reflects our view of the district's: Diverse local economic base, with residential access to additional employment opportunities throughout the Phoenix MSA; Strong property tax base, which has lead to very strong market value per capita; Adequate fund balances, supported by an additional $25 million of available reserves in other funds or 12% of budgeted general fund expenditures for fiscal...
Companies mentioned in this report are:
- Maricopa Cnty Unif Sch Dist #80 Chandler
Action: New Rating
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