- Published: May 2012
- Region: United States
Summary: Maricopa County Unified School District No. 48 (Scottsdale), Arizona; General Obligation Dec 11
- Published: December 2011
- Region: Arizona
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA' rating to Maricopa County Unified School District No. 48 (Scottsdale), Ariz.'s series B general obligation (GO) bonds. In addition, Standard & Poor's affirmed its 'AA' rating and underlying rating (SPUR) on the district's GO bonds outstanding. The outlook is stable. The ratings reflect our view of the district's: Significant financial flexibility given voter-approved tax overrides that generated more than $26 million in additional revenues in fiscal 2010 (16% of general fund expenditures), helping the district to maintain good contingency balances and providing additional funding; Maintenance of good financial flexibility through adequate budget balance carryovers, expenditure pre-payments, and unrestricted alternate liquidity outside of the general fund; and Strong and diverse local employment base...
Companies mentioned in this report are: Maricopa Cnty Unif Sch Dist #48 Scottsdale
Action: New Rating
Action: Outlook: Stable
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Maricopa Cnty Unif Sch Dist #48 Scottsdale