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Summary: Orland Joint Unified School District, California; Appropriations; General Obligation Mar 12
Standard & Poors, March 2012
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Orland Joint Unified School District, Calif.'s series 2012B general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'A' underlying rating (SPUR) on the district's GO bonds outstanding. Standard & Poor's also affirmed its 'A-' long-term rating on the district's series 2010 certificates of participation (COPs) outstanding. The outlook on all ratings is stable. The ratings reflect our view of the district's: Good income indicators, with median household effective buying income at 91% of the national average; Good reserve position, with the audited fiscal 2011 unassigned fund balance equal to 7.0% of expenditures; and Low to moderate overall net debt burden. The preceding credit strengths are...
Companies mentioned in this report are: Orland Jt Unif Sch Dist
Action: New Rating
Action: Outlook: Stable
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Orland Jt Unif Sch Dist