Summary: Sulphur Springs Union School District, California; General Obligation; Note Feb 13
- ID: 2419875
- February 2013
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' issuer credit rating (ICR) to Sulphur Springs Union School District, Calif. The outlook is stable. At the same time, Standard & Poor's assigned its 'SP-1+' short-term rating to the district's series 2013 bond anticipation notes (BANs). The 'A+' ICR reflects our view of the district's: Very strong income levels, Diverse tax base, and Low debt burden. Partly offsetting the above strengths, in our view, is the district's projection that it will draw down reserves to the state minimum level for the year. The 'SP-1+' short-term rating reflects our view of the district's: Covenant to repay principal and interest prior to maturity with general obligation (GO) bonds, appropriation debt, additional notes, or any...
Companies mentioned in this report are:
- Sulphur Springs Un Sch Dist
Action: New Rating
Action: Outlook: Stable
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