- Language: English
- Published: September 2011
- Region: California
Summary: Wasco Union Elementary School District, California; General Obligation Jul 11
- Published: July 2011
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' rating to Wasco Union Elementary School District, Calif.'s series 2011 general obligation (GO) refunding bonds. The outlook is stable. The rating reflects our view of the district's: Very strong historical financial performance, with an unreserved general fund balance of 13% of expenditures at the end of 2011 and all available funds totaling 24% of expenditures; Steady growth in average daily attendance (ADA), which drives state funding; and Debt levels, which are low on a per capita basis and moderate as a percentage of market value. Partially offsetting the preceding credit strengths is our opinion of the district's: Limited, agriculture-based local economy, and Very low per capita income indicators, with per capita effective...
Companies mentioned in this report are: Wasco Un Elem 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Wasco Un Elem Sch Dist