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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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >