Summary: Maricopa County Unified School District No. 48 (Scottsdale), Arizona; General Obligation Dec 11
- Language: English
- Published: December 2011
- Region: Arizona
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
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.
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. SHOW LESS READ MORE >