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Belmont-Redwood Shores School District, CA's General Obligation Bonds Assigned 'AA' Rating Jun 11
Standard & Poors, June 2011
Abstract
SAN FRANCISCO (Standard & Poor's) June 20, 2011-- Standard & Poor's Ratings Services assigned its 'AA' rating to Belmont-Redwood Shores School District, Calif.'s general obligation bonds issued for Belmont School Facilities Improvement District. The outlook is stable. 'The rating reflects our view of the district's participation in the San Francisco Bay Area economy, very strong demographic indicators, and high property values,' said Standard & Poor's credit analyst Bryan Moore. The stable outlook reflects our expectation that additional revenues resulting from the school district's parcel taxes, combined with the school district's basic-aid status and good management practices, will likely allow the school district to maintain strong reserves. We do not expect to change the rating within our two-year outlook horizon given...
Companies mentioned in this report are: Belmont Sch Facs Imp Dist,Belmont-Redwood Shores 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
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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