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Santa Clara Unified School District, CA's Series 2010 General Obligation Refunding Bonds Rated ?AA?; Outlook Stable Oct 10
Standard & Poors, October 2010
NEW YORK (Standard & Poor's) Oct. 22, 2010--Standard & Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Santa Clara Unified School District, Calif.'s series 2010 general obligation (GO) refunding bonds. Standard & Poor's also affirmed its 'AA' rating and underlying rating (SPUR) on the district's GO bonds outstanding and its 'AA-' rating and SPUR on the district's certificates of participation (COPs) outstanding. The outlook on the affirmed ratings is stable. The rating reflects our view of the district's: Participation in the San Jose metropolitan statistical area's economy, with access to the San Francisco economy; Strong wealth and income indicators; Strong available reserves, including those outside the general fund; and Basic aid status that provides revenues exempt...
Companies mentioned in this report are: Santa Clara Unif Sch Dist
Action: New Rating
Action: Outlook: Stable
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Research type: News
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Santa Clara Unif Sch Dist