Report title: Summary: Central Valley Support Services Joint Powers Agency, California Fresno Unified School District; Appropriations; General Obligation
from S&P Credit Research
2089 word report published Nov 04, 2009

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Abstract: Standard&Poor's Ratings Services assigned its 'A+' long-term rating to Central Valley Support Services Joint Powers Agency, Calif.'s series 2009 qualified school construction general obligation (GO) revenue bonds, issued on behalf of the Fresno Unified School District. Standard&Poor's credit ratings do not address the tax credit component of this issue. At the same time, Standard&Poor's affirmed its 'A+' underlying rating (SPUR) on the district's outstanding GO debt and its 'A' SPUR on the district's outstanding certificates of participation (COPs). The ratings reflect our opinion of the district's: Local economy that serves as a trade center for a broad region; Board adoption of a policy to maintain a 5% reserve for economic uncertainty in August 2008,

Brief Excerpt: RESEARCH Ratings Definitions Summary: Central Valley Support Services Joint Powers Agency, California Fresno Unified School District; Appropriations; General Obligation Publication date: 04-Nov-2009 Primary Credit Analyst: Misty Newland,...

Report Type: Summary
Issuer: Fresno Unif Sch Dist
Sector: Public Finance
Country: United States
Region: United States
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