Summary: Encinitas Union School District, California; General Obligation - S&P Global Ratings’ Credit Research

Summary: Encinitas Union School District, California; General Obligation

Summary: Encinitas Union School District, California; General Obligation - S&P Global Ratings’ Credit Research
Summary: Encinitas Union School District, California; General Obligation
Published Sep 14, 2020
7 pages (3147 words) — Published Sep 14, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to Encinitas Union School District (San Diego County), Calif.'s anticipated $23 million 2020 general obligation (GO) refunding bonds. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on the district's outstanding GO bonds. The outlook is stable. Unlimited ad valorem taxes levied on taxable property in the district secure the GO bonds. The San Diego County Board of Supervisors has the power and obligation to levy these taxes at the district's request for the bonds' repayment. The county is required to deposit such taxes, when collected, into the bonds' debt service fund. The series 2020 GO refunding bonds will be used to refund various outstanding GO bonds issued by

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' long-term rating to Encinitas Union School District (San Diego County), Calif.'s anticipated $23 million 2020 general obligation (GO) refunding bonds. At the same time, S&P Global Ratings affirmed its '##+' long-term rating on the district's outstanding GO bonds. The outlook is stable. Unlimited ad valorem taxes levied on taxable property in the district secure the GO bonds. The San Diego County Board of Supervisors has the power and obligation to levy these taxes at the district's request for the bonds' repayment. The county is required to deposit such taxes, when collected, into the bonds' debt service fund. The series 2020 GO refunding bonds will be used to refund various outstanding GO bonds issued by the district....

  
Report Type:

Summary

Issuer
Encinitas Union School District
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Encinitas Union School District, California; General Obligation" Sep 14, 2020. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Encinitas-Union-School-District-California-General-Obligation-2606329>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Encinitas Union School District, California; General Obligation Sep 14, 2020. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Encinitas-Union-School-District-California-General-Obligation-2606329>
  
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