Summary: Southern Kern Unified School District, California; General Obligation - S&P Global Ratings’ Credit Research

Summary: Southern Kern Unified School District, California; General Obligation

Summary: Southern Kern Unified School District, California; General Obligation - S&P Global Ratings’ Credit Research
Summary: Southern Kern Unified School District, California; General Obligation
Published Apr 10, 2025
6 pages (2532 words) — Published Apr 10, 2025
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About This Report

  
Abstract:

S&P Global Ratings assigned its 'A' long-term rating to Southern Kern Unified School District (USD), Calif.'s estimated $28 million series 2025A (election of 2024) general obligation (GO) bonds. At the same time, we affirmed our 'A' underlying rating on the district's GO debt outstanding. The outlook is stable. The rating reflects the application of our methodology for rating U.S. governments, published Sept. 9, 2024. Unlimited ad valorem taxes levied on taxable property within the district secure the GO bonds. The board of supervisors of Kern County has the power and obligation to levy these taxes at the district's request for the bonds' repayment. The series 2025A bond proceeds will be used for various capital projects throughout the district as approved

  
Brief Excerpt:

...Institutional framework (IF) 2 Individual credit profile (ICP) 3.28 Economy 6.0 Financial performance 3 Reserves and liquidity 1 Management 2.65 Debt and liabilities 3.75...

  
Report Type:

Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Southern Kern Unified School District, California; General Obligation" Apr 10, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-Kern-Unified-School-District-California-General-Obligation-3350987>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Southern Kern Unified School District, California; General Obligation Apr 10, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-Kern-Unified-School-District-California-General-Obligation-3350987>
  
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