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Outlook Revised To Negative On Yuma County Union High School District No.70 (Yuma), AZ's GO Debt Nov 11 Product Image

Outlook Revised To Negative On Yuma County Union High School District No.70 (Yuma), AZ's GO Debt Nov 11

  • ID: 2027769
  • November 2011
  • Standard & Poors

Abstract
SAN FRANCISCO (Standard & Poor's) Nov. 23, 2011-- Standard & Poor's Ratings Services revised its outlook to negative from stable and affirmed its 'A' long-term and underlying rating (SPUR) on Yuma County Union High School District No. 70 (Yuma), Ariz.'s existing general obligation (GO) bonds. "The outlook revision reflects our view of the district's restricted financial flexibility from state funding delays and limited liquidity sources," said Standard & Poor's credit analyst Kathleen Parmer. "If mismatched cash flows from state funding delays increase liquidity pressure and disrupt normal operations, we would likely lower the rating," Ms. Parmer added. The district is highly reliant on state aid, which comprises about 84% of its 2011 general fund revenues. RELATED CRITERIA AND RESEARCH USPF...

Companies mentioned in this report are: Yuma Cnty Un High Sch Dist #70 Yuma
Action: Affirmed
Action: Outlook: Negative

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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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