Report title: Summary: Windsor Unified School District, California; Appropriations; General Obligation
from S&P Credit Research
1562 word report published Nov 04, 2009

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Abstract: Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Windsor Unified School District , Calif.'s 2008 election series C qualified school construction general obligation (GO) bonds. Standard&Poor's credit ratings do not address the tax credit component of this issue. At the same time, Standard&Poor's affirmed its 'AA-' underlying rating (SPUR) on Windsor USD's existing GO bonds and its 'A+' SPUR on the district's existing certificates of participation. The outlook is stable. The 'AA-' rating reflects our view of Windsor Unified's: Primarily residential tax base, with very strong median household effective buying incomes and extremely strong wealth, in northern Sonoma County; Stable average daily attendance (ADA), which drives the state funding formula; and Good available

Brief Excerpt: RESEARCH Ratings Definitions Summary: Windsor Unified School District, California; Appropriations; General Obligation Publication date: 04-Nov-2009 Primary Credit Analyst: Hilary A Sutton, New York 212-438-7093; hilary_sutton@standardandpoors.com...

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