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Santa Clara Unified School District, CA's 2008 GO Bonds Rated 'AA' With Stable Outlook Jul 08 Product Image

Santa Clara Unified School District, CA's 2008 GO Bonds Rated 'AA' With Stable Outlook Jul 08

  • ID: 1820819
  • July 2008
  • Standard & Poors

FEATURED COMPANIES

  • Santa Clara Unif Sch Dist
  • MORE

Abstract
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: Affirmed
Action: New Rating
Action: Outlook: Stable

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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