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Bennett Valley Union School District, CA's Series 2011 GO Bonds Assigned 'AA-' Rating Mar 11
Standard & Poors, March 2011
Abstract
SAN FRANCISCO (Standard & Poor's) March 1, 2011--Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Bennett Valley Union School District, Calif.'s general obligation (GO) bonds, series 2011. The outlook is stable. 'The rating reflects our view of the district's very strong wealth and income levels, very strong general fund balances, and additional revenues from leasing unused school sites and foundation money, which provide revenue flexibility,' said Standard & Poor's credit analyst Bryan Moore. We understand that bond proceeds will be used to upgrade facilities and to install solar panels for energy saving purposes. Management expects the district will save $70,000 annually in energy costs due to the installation of these solar panels. Bennett Valley Union School District...
Companies mentioned in this report are: Bennett Vy Un 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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