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Summary: Riverside Unified School District, California; Appropriations; General Obligation Sep 11
Standard & Poors, September 2011
Standard & Poor's Ratings Services has assigned its 'A+' rating, and stable outlook, to Riverside Unified School District, Calif.'s series 2011 general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'A+' underlying rating (SPUR) on the district's existing GO debt, and also affirmed its 'A' SPUR on the district's certificates of participation (COPs). The COPs are rated one notch lower than the GO bonds due to the annual appropriation risk associated with the certificates. The rating outlook is stable. The 'A+' bond rating reflects our view of the district's: Access to the large and diverse Inland Empire economy, and its location within Riverside's diverse economic base; Strong wealth and income indicators; Stable financial performance, supported...
Companies mentioned in this report are: Riverside Unif Sch Dist
Action: New Rating
Action: Outlook: Stable
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Riverside Unif Sch Dist