San Ysidro School District, CA GO Debt Rating Raised To 'A+' After Budget Cuts Jun 11
- ID: 1815529
- June 2011
- Standard & Poors
CHARLOTTESVILLE (Standard & Poor's) June 7, 2011--Standard & Poor's Ratings Services said it raised the rating on San Ysidro School District, Calif.'s general obligation (GO) debt to 'A+' from 'A' and the rating on the certificates of participation to 'A' from 'A-'. At the same time, we assigned an 'A+' rating to the district's latest GO bonds. The outlook on the ratings is stable. "The upgrade is based on the district's recent budget cuts which will help maintain its strong reserve position," said Standard & Poor's credit analyst Lisa Schroeer. The 'A+' rating reflects our view of the district's: Strong economy with access to diverse employment opportunities throughout the San Diego area, and Strong available reserves when taking into account...
Companies mentioned in this report are: San Ysidro Sch Dist
Action: New Rating
Action: Outlook: Stable
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