| Title: | Summary: Santa Clara Unified School District, California; Note |
| Price: | $175.00 |
| Publication Date: | May 07, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services assigned its 'SP-1+' short-term rating to Santa Clara Unified School District, Calif.'s series 2008 tax revenue anticipation notes (TRANs). The rating reflects: The district's strong underlying credit quality ('AA' general obligation [GO] rating), Structural provisions that include early set-asides of pledged revenues in a segregated note repayment account, Strong coverage of set-asides and debt service by projected net available general fund balances, and Significant alternate liquidity available in the event of a general fund cash deficiency at note maturity. Securing the notes are unrestricted taxes, income, revenue, cash, and other money received for, or allocable to, the general fund in the 2008-2009 fiscal year. The district will use proceeds to fund seasonal cash-flow deficits during |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Santa Clara Unified School District, California; Note Publication date: ##-May-#### Primary Credit Analyst: Jim Tchou, New York (#) ###-###-####; jim_tchou@standardandpoors.com Secondary Credit... |
| Word Count: | 1044 |
| Issuer: | Santa Clara Unif Sch Dist |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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