Poway Unified School District Facilities Improvement District No. 2007-1, CA's GO Bonds Rated 'AA-' On Strong Reserves - S&P Global Ratings’ Credit Research

Poway Unified School District Facilities Improvement District No. 2007-1, CA's GO Bonds Rated 'AA-' On Strong Reserves

Poway Unified School District Facilities Improvement District No. 2007-1, CA's GO Bonds Rated 'AA-' On Strong Reserves - S&P Global Ratings’ Credit Research
Poway Unified School District Facilities Improvement District No. 2007-1, CA's GO Bonds Rated 'AA-' On Strong Reserves
Published Jul 12, 2011
Published Jul 12, 2011
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Abstract:

Standard&Poor's Ratings Services assigned its 'AA-' rating to Poway Unified School District Facilities Improvement District No. 2007-1 (SFID), Calif.'s general obligation (GO) bonds series 2011. At the same time, Standard&Poor's affirmed its 'AA-' rating on the SFID's 2002-1 election, series C GO bonds. The outlook on both ratings is stable. The ratings reflect our view of the district's: Proximity to the diverse and broad San Diego area economy, with its very strong income and extremely strong wealth levels; Moderate average daily attendance (ADA) increases, the main driver of the state funding formula, in the past two years; and Strong unreserved general fund balance levels. "We consider the district's reserves to be strong, especially with their access

  
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MLA:
S&P Global Ratings’ Credit Research. "Poway Unified School District Facilities Improvement District No. 2007-1, CA's GO Bonds Rated 'AA-' On Strong Reserves" Jul 12, 2011. Alacra Store. Aug 23, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Poway-Unified-School-District-Facilities-Improvement-District-No-2007-1-CA-s-GO-Bonds-Rated-AA-On-Strong-Reserves-878469>
  
APA:
S&P Global Ratings’ Credit Research. (). Poway Unified School District Facilities Improvement District No. 2007-1, CA's GO Bonds Rated 'AA-' On Strong Reserves Jul 12, 2011. New York, NY: Alacra Store. Retrieved Aug 23, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Poway-Unified-School-District-Facilities-Improvement-District-No-2007-1-CA-s-GO-Bonds-Rated-AA-On-Strong-Reserves-878469>
  
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