SAN FRANCISCO (Standard & Poor's) Feb. 4, 2013--Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Gilroy School Facilities Financing Authority, Calif.'s nearly $100 million series 2013A general obligation (GO) revenue bonds, issued on behalf of Gilroy Unified School District. At the same time, Standard & Poor's affirmed its 'A+' underlying rating (SPUR) on the district's existing GO bonds. The outlook all bonds is stable. "The ratings reflect our view of the district's growing average daily attendance and participation in the broad Silicon Valley economy," said Standard & Poor's credit analyst Kate Parmer. "Further supporting the rating in our view is the district's adequate general fund performance," Ms. Parmer added. Gilroy Unified School District provides K-12 educational services...
Companies mentioned in this report are:
- Gilroy Unif Sch Dist
- Gilroy Sch Facs Fincg Auth
Action: New Rating
Action: Outlook: Stable
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Research type: News
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