- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Coconino County Unified School District No. 1 (Flagstaff), Arizona; General Obligation Feb 12
- Published: February 2012
- Region: Arizona
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA-' long-term rating, and stable outlook, on Coconino County Unified School District No. 1 (Flagstaff), Ariz.'s general obligation (GO) bonds. The rating reflects what we view as the district's: Location in the city of Flagstaff and the city's role as both a regional economic center and university city; Relatively stable and diverse property tax base; Consistent budget balance carryover amounts and recent improvement in its audited general fund financial position; and Low net overall debt burden with rapid amortization. These credit factors are tempered, in our opinion, by the district's continued trend of declining average daily membership (ADM), which affects per-pupil funding levels. The district also has a limited ability to increase or...
Companies mentioned in this report are: Coconino Cnty Unif Sch Dist #1 Flagstaff
Action: Outlook: Stable
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Coconino Cnty Unif Sch Dist #1 Flagstaff