San Francisco Unified School District, California; General Obligation May 10
- ID: 2084967
- May 2010
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' rating to San Francisco Unified School District, Calif.'s general obligation (GO) bonds series 2010C (Qualified School Construction Bonds, or QSCBs), D (Build America Bonds), and E. In addition, Standard & Poor's affirmed its 'AA-' long-term rating and underlying rating (SPUR) on the district's outstanding GO debt. The outlook is stable. The ratings reflect our view of the district's: Underlying economic base that is central to the San Francisco Bay Area, with a high median household effective buying income (EBI); Multiple revenue streams that are not common among other districts in the state, reflecting a pattern of strong voter support; and Low-to-moderate debt burden. Partially offsetting the foregoing credit strengths is our view...
Companies mentioned in this report are:
- San Francisco Unif Sch Dist
Action: New Rating
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Research Type: Full Analysis