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San Francisco Unified School District, California; General Obligation Feb 12
Standard & Poors, February 2012
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
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
San Francisco Unif Sch Dist