Ratings On Redondo Beach Unified School District, CA GO Bonds Lowered To 'A+' On Declines In Reserves Mar 12
- Language: English
- Published: March 2012
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: New Rating
Action: Outlook: Stable
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