• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Redondo Beach Unified School District, California; General Obligation Feb 13 Product Image

Summary: Redondo Beach Unified School District, California; General Obligation Feb 13

  • ID: 2416994
  • February 2013
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A+' rating to Redondo Beach Unified School District, Calif.'s election of 2012 series A general obligation (GO) bonds and series 2013E GO refunding bonds. In addition, Standard & Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's GO bonds outstanding. The outlook is stable. The ratings reflect our opinion of the district's: Established economic base within the very large and diverse Los Angeles region, Very strong to extremely strong income and wealth indicators, Stable enrollment, and Low debt burden as a percentage of market value. Partially offsetting the above strengths are, in our view, the district's limited revenue flexibility under the state funding framework and a decline in the...

Companies mentioned in this report are:
- Redondo Beach Unif Sch Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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 READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS