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S&P Credit Research849 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | SAN FRANCISCO (Standard&Poor's) Nov. 3, 2009--Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Portola Valley School District, Calif.'s general obligation (GO) refunding bonds, series 2009. The outlook is stable. "The rating reflects our opinion of the district's service area located in a residential Bay Area neighborhood with high wealth levels, including a per capita effective buying income that is 392% of the national level," said Standard&Poor's credit analyst Jen Hansen. "In addition, we believe that the district's 'basic-aid' status, along with funding from the Portola Valley Schools Foundation and parcel tax revenues, helps insulate the district from fluctuations in state funding." We understand that bond proceeds will be used to refund a portion
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| Brief Excerpt: | RESEARCH Ratings Definitions Portola Valley School District, CA's Series 2009 GO Refunding Bonds Assigned '###' Rating Publication date: 03-Nov-2009 Primary Credit Analyst: Jennifer Hansen, San Francisco 415-371-5035; jen_hansen@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | Portola Vy Sch Dist
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| Sector: | Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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