Summary: Poway Unified School District Facilities Improvement District No. 2007-1, California; General Obligation - S&P Global Ratings’ Credit Research

Summary: Poway Unified School District Facilities Improvement District No. 2007-1, California; General Obligation

Summary: Poway Unified School District Facilities Improvement District No. 2007-1, California; General Obligation - S&P Global Ratings’ Credit Research
Summary: Poway Unified School District Facilities Improvement District No. 2007-1, California; General Obligation
Published Dec 01, 2008
Published Dec 01, 2008
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Abstract:

Standard&Poor's Ratings Services has assigned its 'AA-' rating on Poway Unified School District Facilities Improvement District No. 2007-1 (SFID), Calif.'s 2008 Election, series A GO bonds. The outlook is stable. In our opinion, the rating reflects: Proximity to the diverse and broad San Diego area economy, with 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; Significant financial flexibility when factoring in all available reserves; and Moderate overall debt burden as a percent of market value. An unlimited ad valorem tax pledge levied within the improvement district secures the bonds. The SFID was created to improve and expand certain of

  
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Summary

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Poway Unified School District Facilities Improvement District No. 2007-1, California; General Obligation" Dec 01, 2008. Alacra Store. Dec 16, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Poway-Unified-School-District-Facilities-Improvement-District-No-2007-1-California-General-Obligation-686885>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Poway Unified School District Facilities Improvement District No. 2007-1, California; General Obligation Dec 01, 2008. New York, NY: Alacra Store. Retrieved Dec 16, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Poway-Unified-School-District-Facilities-Improvement-District-No-2007-1-California-General-Obligation-686885>
  
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