Summary: Vista Unified School District, California; Appropriations; General Obligation

S&P Global Ratings placed its 'A+' underlying rating (SPUR) on Vista Unified School District, Calif.'s general obligation bonds outstanding, as well as its 'A' SPUR on the district's certificates of participation outstanding, on CreditWatch with developing implications. The CreditWatch placement indicates our view that, based on Vista USD's unaudited financial information, the district's key credit factors are improving. However, if we are unable to obtain additional forward-looking financial information from the issuer in a timely manner, we could withdraw the rating on the bonds. This action follows repeated attempts by S&P Global Ratings to obtain timely information of satisfactory quality to maintain our rating in accordance with our policies. Failure to receive the requested information by March 15, 2022, will

...S&P Global Ratings placed its 'A+' underlying rating (SPUR) on Vista Unified School District, Calif.'s general obligation bonds outstanding, as well as its 'A' SPUR on the district's certificates of participation outstanding, on CreditWatch with developing implications. The CreditWatch placement indicates our view that, based on Vista USD's unaudited financial information, the district's key credit factors are improving. However, if we are unable to obtain additional forward-looking financial information from the issuer in a timely manner, we could withdraw the rating on the bonds. This action follows repeated attempts by S&P Global Ratings to obtain timely information of satisfactory quality to maintain our rating in accordance with our policies....

Summary