King City Jt Union High School District, Calif.'s SPUR Outlk Revised to Stable From Positive Jan 02

Standard & Poors, January 2002

Abstract
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

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

South Monterey Cnty Jt Un High Sch Dist

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