Norwalk-La Mirada Unified School District, CA: Update to credit analysis

Moody's assigns Aa3 to Norwalk-La Mirada USD, CA's Election of 2014 GOs, Series F - Rating Action – 2023/05/26 – 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 onNorwalk-La Mirada USD - Issuer Comment – 2023/04/14 – US$ 200.00 – ...Economy Resident income Median Household Income (MHI), adjusted for Regional Price Parity (RPP), as a % of the US MHI: American Community Survey (US Census Bureau) RPP: US Bureau of Economic Analysis Full value ($000) Estimated market value of taxable property accessible to the district State repositories, district's audited financial reports, offering documents or continuing disclosure Population Population of school district American Community Survey (US Census Bureau) Full value per capita Full value / population of school district Enrollment Student enrollment of school district State data publications Enrollment trend 3-year Compound Annual Growth Rate (CAGR) of Enrollment State data publications; Moody's Investors Service Financial performance Operating revenue ($000) Total annual operating revenue in what we consider to be the district's operating funds Audited financial statements Avalable fund balance ($000) Committed, assigned and unassigned fund balances in what we consider to...

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...