SAN FRANCISCO (Standard&Poor's) March 3, 2011--Standard&Poor's Ratings Services assigned its 'AA+' rating to Encinitas Union School District, Calif.'s series 2011A general obligation (GO) bonds. The outlook is stable. "The rating reflects our view of the district's extremely high income and wealth levels as well as its stable financial performance, which is supported by the district's basic-aid status, revenues from its education foundation, and a special reserve fund," said Standard&Poor's credit analyst Jen Hansen. We understand that bond proceeds will fund repairs and upgrades to and the acquisition, construction, and equipping of certain district property and facilities. The K-6 district (population 72,214) encompasses 26.4 square miles and operates nine elementary schools in the City of
