Summary: Riverside Unified School District, California; Appropriations; General Obligation Sep 11

Standard & Poors, September 2011

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

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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.

Riverside Unif Sch Dist

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