Report title: Madera Unified School District, California - (Election of 2002) GO bonds ser 2005
from Fitch Research
3 page (2058 word) report published Apr 14, 2005

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...The A+ rating reflects Madera Unified School District s sound financial operations, diversifying tax base, and low debt levels. These factors are offset somewhat by gr owth-related capital needs and the district s limited economy, which is characterized by its agricultural roots, high unemployment, and low income levels. ...

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