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Santa Clara Unified School District, CA's 2008 GO Bonds Rated 'AA' With Stable Outlook Jul 08
Standard & Poors, July 2008
NEW YORK (Standard & Poor's) July 14, 2008--Standard & Poor's Ratings Services said it assigned its 'AA' standard long-term rating and stable outlook to Santa Clara Unified School District, Calif.'s series 2008 general obligation (GO) bonds. We also affirmed our 'AA' rating on the district's outstanding GO bonds and affirmed our 'AA-' rating on the district's outstanding certificates of participation (COPs). Standard & Poor's also revised the rating outlook to stable from negative. "The outlook revision is based on the district's positive operations prior to transfers in fiscal 2007, and its maintenance of adequate reserve levels, with similar performance projected for fiscal 2008," said Standard & Poor's credit analyst Jim Tchou. The rating reflects the district's participation in the San...
Companies mentioned in this report are: Santa Clara Unif Sch Dist
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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Santa Clara Unif Sch Dist