San Francisco Unified School District, California; General Obligation Feb 12
Standard & Poors, February 2012
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to San Francisco Unified School District, Calif.'s $115 million series 2012A general obligation (GO) bonds (Proposition A, election of 2011) and $125 million series 2012 GO refunding bonds. In addition, Standard & Poor's affirmed its 'AA-' long-term rating and underlying rating on the district's previously issued GO debt. The outlook on all ratings is stable. The ratings reflect our view of the district's: Underlying economic base that is central to the San Francisco Bay Area; Resilient assessed value (AV) and high-to-extremely-high wealth and income indicators; Strong financial position; and Multiple revenue streams that are not common among other districts in the state, reflecting a pattern of strong voter support. Partially...
Companies mentioned in this report are: San Francisco Unif Sch Dist
Action: New Rating
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Research Type: Full Analysis
San Francisco Unif Sch Dist
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