Summary: California Schools Cash Reserve Program Authority Yucaipa-Calimesa Joint Unified School District; Note Feb 12
- Language: English
- Published: February 2012
- Region: California
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Davis Joint Unified School District, Calif.'s tax and revenue anticipation notes (TRANs) series 2011-2012. As security for the payment of the principal of and interest on the notes, the district has pledged an amount equal to 50% of the principal amount of the notes from taxes, revenues, and other unrestricted funds received by the district in January 2012, and an amount equal to 50% of the principal amount of the notes, plus an amount sufficient to pay interest on the notes, from unrestricted funds received by the district in April 2012. The notes mature on May 1, 2012. The credit strengths of the TRANs include our opinion of: A...
Companies mentioned in this report are: Davis Jt Unif Sch Dist
Action: New Rating
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