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
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: Outlook: Negative
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.
Yuma Cnty Un High Sch Dist #70 Yuma