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King City Jt Union High School District, Calif.'s SPUR Outlk Revised to Stable From Positive Jan 02
Standard & Poors, January 2002
NEW YORK (Standard & Poor's) Jan. 29, 2002--Standard & Poor's today revised the outlook on its underlying rating (SPUR) on King City Joint Union High School District, Calif.'s $18.855 million GO refunding bonds series 1998 to stable from positive. The triple-'B'-plus rating has been affirmed. The outlook revision is due to the continued presence of tax base concentration coupled with the sustained rural nature of the district's economic base. Rating factors include: -- A limited rural economy centered in the agricultural industry with an expanding residential base and low income levels, -- Tax base concentration, -- A moderate debt burden, and -- Sound financial operations. The bonds are general obligations of the district. The majority of the district, estimated population...
Companies mentioned in this report are: South Monterey Cnty Jt Un High Sch Dist
Action: Outlook Revised
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: News
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South Monterey Cnty Jt Un High Sch Dist