Summary: King City Jt Un High Sch Dist, CA; General Obligation, School District May 00

Standard & Poors, May 2000

Abstract
The Standard & Poor's underlying rating (SPUR) on King City Joint Union High School District, Calif.'s bonds reflects: A limited rural economy centered in the agricultural industry with an expanding residential base, Tax base concentration, A moderate debt burden, and Sound financial operations. The bonds are general obligations of the district. The majority of the district (population 30,430) lies within the southern portion of Monterey County, with a small portion in Benito County. The district encompasses about 2,500 miles, including the county's largest cities, King City (population 10,500) and Greenfield (10,200). Currently the district operates three high school facilities. Enrollment (1,952 students in 1999) has grown an average of 8% annually since 1996, and is expected to continue for the...

Companies mentioned in this report are: South Monterey Cnty Jt Un High Sch Dist
Action: Affirmed

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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.

South Monterey Cnty Jt Un High Sch Dist

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