Standard & Poor's Ratings Services assigned its 'AA' rating to Maricopa County Unified School District No. 80 (Chandler), Ariz.'s $50.25 million series 2007 school improvement bonds and affirmed the 'AA' underlying rating (SPUR) on all of the district's GO bonds. The rating reflects the district's: Very robust and expanding economic base, coupled with access to additional employment opportunities throughout the Phoenix MSA; Strong and growing local property tax base and above-average wealth levels; Historically strong financial management practices and fund balances, bolstered by $8 million of available reserves in other funds; and Low and manageable debt burden with strong community support for debt-financed projects. The extent to which Arizona school finance laws limit the ability of districts with strong economies...
Companies mentioned in this report are:
- Maricopa Cnty Unif Sch Dist #80 Chandler
Action: New Rating
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