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Summary: Maricopa County Unified School District No. 48 (Scottsdale), Arizona; General Obligation Jun 10
Standard & Poors, June 2010
Standard & Poor's Ratings Services assigned its 'AA' rating to Maricopa County Unified School District No. 48 (Scottsdale), Ariz.'s $30.25 million series 2010 refunding (GO) bonds. In addition, Standard & Poor's affirmed its 'AA' rating and underlying rating (SPUR) on the district's outstanding GO bonds The ratings reflect the following credit strengths of the district: Significant financial flexibility given voter-approved tax overrides that provided $26.5 million in additional revenues to the district in fiscal 2009 (17% of budget), helping it to maintain strong financial performance and contingency balances as well as providing additional funding; Its maintenance of good budget balance carryovers as percent of its revenue control limit in recent years, projected at approximately 4% for fiscal 2010; Strong alternative...
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