S&P Rates S. Pasadena Unif Sch Dist,CA G.O. Bnds AA- Jan 98
- ID: 2041144
- January 1998
- Standard & Poors
NY -- Standard & Poor's CreditWire 1/29/98 -- Standard & Poor's today assigned its double-`A'-minus rating to South Pasadena Unified School District, Calif.'s $10 million G.O. bonds (Election of 1995) series 1998B dated Feb. 1, 1998 due Nov. 1, 2022. The school district's outstanding debt has been affirmed at double-`A'-minus. South Pasadena Unified School District's rating reflects: -- The affluent residential community's access to the Los Angeles metropolitan area's broad employment base, -- Maintenance of strong general fund balances, and -- A moderate debt burden combined with a manageable capital improvement plan. The residential district is coterminous with the city of South Pasadena which has a stable population base of approximately 25,000. Its location, just six miles northeast of downtown...
Companies mentioned in this report are: South Pasadena Unif Sch Dist
Action: New Rating
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