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S&P Credit Research1655 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | 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 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; "Basic-aid" status that, along with funding from the Portola Valley Schools Foundation and parcel tax revenues, helps insulate the district from fluctuations in state funding; and Strong combined unrestricted general and special reserves fund balances. Unlimited ad valorem taxes levied on taxable property within the district secure the GO bonds. The county board of supervisors has the power and obligation to levy
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Portola Valley School District, California; General Obligation 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: | Summary
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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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| Format: | | HTML |  |
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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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