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Summary: Mojave Unified School District School Facilities Improvement District No. 2, California; Note Jan 12 Product Image

Summary: Mojave Unified School District School Facilities Improvement District No. 2, California; Note Jan 12

  • Published: January 2012
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'SP-1+' short-term rating on Mojave Unified School District School Facilities Improvement District No. 2 (SFID No. 2), Calif.'s bond anticipation notes (BANs) outstanding. The rating reflects our view of: The district's covenant to repay principal and interest prior to maturity with general obligation (GO) bonds, appropriation debt, additional notes, or any legally available funds; The district's market risk profile of "low"; and Our A+/Stable rating on the district's GO debt outstanding. We have assigned the district a market risk profile score of "low", indicating our view that there is a low likelihood that the market liquidity of the obligor's debt would be weaker than that suggested by the long-term rating on its planned...

Companies mentioned in this report are: Mojave Unif Sch Dist Sch Facs Imp Dist #2
Action: Affirmed

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Mojave Unif Sch Dist Sch Facs Imp Dist #2

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