Summary: Wasco Union High School District, California; General Obligation Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services affirmed its 'A+' underlying rating (SPUR) on Wasco Union High School District, Calif.'s general obligation (GO) bonds outstanding. The outlook is stable. The rating reflects our view of the district's: Good financial performance, which has led to the maintenance of a very strong fund position; Ability to control expenditures, reflecting good financial practices; and Low overall net debt as percent of market value (MV),combined with low carrying charges. These strengths are offset in part by our view of the district's: Limited local economy that is concentrated in agriculture and the oil and gas sector, and Very low per capita income indicator, combined with a historically high unemployment rate. Unlimited ad valorem taxes levied on taxable...

Companies mentioned in this report are: Wasco Un High Sch Dist
Action: Affirmed
Action: Outlook: Stable

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Wasco Un High Sch Dist

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