Norwalk-La Mirada Unified School District, CA: Annual Comment on Norwalk-La Mirada USD

Norwalk-La Mirada Unified School District, CA: Update to credit analysis - Credit Opinion – 2021/04/22 – US$ 250.00 – ...Norwalk-La Mirada Unified School District (A1 issuer rating; Aa3 GOULT) benefits from a sizeable, primarily residential economy southeast of the City of Los Angeles (Aa2 stable) with resident income levels in line with US medians. The district's financial position will remain sound, supported by stable state funding and the receipt of significant one-time revenues to address costs stemming from the coronavirus pandemic. However, ongoing enrollment declines will require continued expenditure reductions to maintain budgetary balance. The district's leverage and fixed costs are elevated and will remain so given $140.7 million in remaining authorization and rising pension costs. As of April 26, 2021, the district will be fully reopened under a hybrid model of instruction, with students attending classes in person two mornings per week and remotely on other days. The district has received close to $21.3 million in federal and state funding to address costs associated with the coronavirus pandemic...

Moody's assigns Aa3 to Norwalk-La Mirada USD, CA's Election of 2014 GOULT Bonds, Series E; affirms A1 issuer rating; outlook stable - Rating Action – 2021/04/22 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Norwalk-La Mirada Unified School District, CA: Annual Comment on Norwalk-La Mirada USD - Issuer Comment – 2020/06/26 – US$ 200.00 – ... data sources; Offering statements; Moody's Investors Service EXHIBIT 4...

Norwalk-La Mirada Unified School District, CA: Update to credit analysis - Credit Opinion – 2019/05/28 – US$ 250.00 – ...Norwalk-La Mirada Unified School District, CA (Aa3 stable) will continue to benefit from a sizeable, primarily residential and mature tax base with resident income levels in line with US medians. The district's financial position has benefitted from an improved state funding environment and is expected to remain stable despite anticipated operating deficits that will require budget cuts as growth in state aid declines. The district's ongoing enrollment declines will also require continued efforts to maintain budgetary balance. The district's debt and pension burdens are above average, but remain manageable despite increasing pension contribution requirements....

Moody's assigns Aa3 to Norwalk-La Mirada USD, CA's Election of 2014 General Obligation Bonds, Series D - Rating Action – 2019/05/23 – US$ 180.00 – ...MOODY'S CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS OR MOODY'S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained...

Norwalk-La Mirada Unified School District, CA: Update to credit analysis - Credit Opinion – 2018/05/25 – US$ 250.00 – ...Norwalk-La Mirada Unified School District, CA, (Aa3) will continue to benefit from a growing, sizeable tax base and satisfactory finances that are expected to remain stable despite pressures from declining enrollment levels and escalating pension costs. District wealth levels approximate national medians, with expectations for continued additions to employment levels supported by Los Angeles County's diverse and expanding economy. Debt and pension burdens, however, are expected to remain elevated given the district's remaining GO authorization and escalating pension contribution requirements....

Moody's assigns Aa3 to Norwalk-La Mirada USD, CA's Election of 2014 General Obligation Bonds, Series C - Rating Action – 2018/05/24 – US$ 180.00 – ...MOODY'S CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS OR MOODY'S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained...

Norwalk-La Mirada Unified School District, CA: New Issue- Moody's Assigns Aa3 to Norwalk-La Mirada USD, CA's General Obligation Bonds, Outlook is Stable - New Issue – 2017/07/19 – US$ 750.00

Moody's Assigns Aa3 to Norwalk-La Mirada USD, CA's General Obligation Bonds, Outlook is Stable - Rating Action – 2017/07/19 – US$ 180.00

Norwalk-La Mirada Unified School District, CA: Annual Comment on Norwalk-La Mirada USD - Issuer Comment – 2017/06/23 – US$ 200.00 – ... data sources; Offering statements; Moody's Investors Service EXHIBIT 4...