Denair Unified School District, CA GO Bond Outlook Revised To Stable From Negative On Improved Fund Balances

SAN FRANCISCO (Standard&Poor's) Dec. 4, 2015--Standard&Poor's Ratings Services revised its outlook to stable from negative and affirmed its 'BBB' underlying rating (SPUR) on Denair Unified School District, Calif.'s existing general obligation (GO) debt. "The outlook revision reflects our view of the district's improved financial performance and cash position in fiscal 2015 and projections of positive operations in the near term," said Standard&Poor's credit analyst Jen Hansen. The GO rating reflects our view of the district's: Continued declines in average daily attendance; Good, although small in nominal terms, general fund balance; and Primarily agricultural economy situated in Stanislaus County, coupled with good to strong economic indicators. RELATED CRITERIA AND RESEARCH Related Criteria USPF Criteria: GO

...SAN FRANCISCO (Standard & Poor's) Dec. 4, 2015--Standard & Poor's Ratings Services revised its outlook to stable from negative and affirmed its '###' underlying rating (SPUR) on Denair Unified School District, Calif.'s existing general obligation (GO) debt. "The outlook revision reflects our view of the district's improved financial performance and cash position in fiscal 2015 and projections of positive operations in the near term," said Standard & Poor's credit analyst Jen Hansen. The GO rating reflects our view of the district's: + Continued declines in average daily attendance; + Good, although small in nominal terms, general fund balance; and + Primarily agricultural economy situated in Stanislaus County, coupled with good to strong economic indicators. RELATED CRITERIA AND RESEARCH Related Criteria + USPF Criteria: GO Debt, Oct. 12, 2006 + USPF Criteria: Key General Obligation Ratio Credit Ranges ¡ Analysis Vs. Reality, April 2, 2008...

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