West Contra Costa Unified School District, CA GO Bond Rating Cut To 'A+'; $339.78 Million GO, Refunding Bonds Rated 'A+' - S&P Global Ratings’ Credit Research

West Contra Costa Unified School District, CA GO Bond Rating Cut To 'A+'; $339.78 Million GO, Refunding Bonds Rated 'A+'

West Contra Costa Unified School District, CA GO Bond Rating Cut To 'A+'; $339.78 Million GO, Refunding Bonds Rated 'A+' - S&P Global Ratings’ Credit Research
West Contra Costa Unified School District, CA GO Bond Rating Cut To 'A+'; $339.78 Million GO, Refunding Bonds Rated 'A+'
Published Sep 19, 2024
3 pages (1251 words) — Published Sep 19, 2024
Price US$ 150.00  |  Buy this Report Now

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Abstract:

SAN FRANCISCO (S&P Global Ratings) Sept. 19, 2024--S&P Global Ratings lowered its long-term and underlying rating (SPUR) to 'A+' from 'AA-' on West Contra Costa Unified School District, Calif.'s outstanding general obligation (GO) bonds, based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. S&P Global Ratings also assigned its 'A+' long-term rating to the district's anticipated: $234.685 million GO bonds, 2020 Election, 2024 series B; $15.315 million GO bonds, 2020 Election, 2024 series C; $48.025 million GO refunding bonds, series A; and $41.755 million GO refunding bonds, series B (tender). The outlook is negative. "The downgrade reflects our view the district's growing structural deficit within district operations," said S&P Global Ratings credit

  
Brief Excerpt:

...3253561 | 300128896 information is available to RatingsDirect subscribers at www.capitaliq.com. All ratings affected by this rating action can be found on S&P Global Ratings' public website at www.spglobal.com/ratings....

  
Report Type:

Ratings Action

Issuer
West Contra Costa Unified School District
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "West Contra Costa Unified School District, CA GO Bond Rating Cut To 'A+'; $339.78 Million GO, Refunding Bonds Rated 'A+'" Sep 19, 2024. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/West-Contra-Costa-Unified-School-District-CA-GO-Bond-Rating-Cut-To-A-339-78-Million-GO-Refunding-Bonds-Rated-A-3253561>
  
APA:
S&P Global Ratings’ Credit Research. (). West Contra Costa Unified School District, CA GO Bond Rating Cut To 'A+'; $339.78 Million GO, Refunding Bonds Rated 'A+' Sep 19, 2024. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/West-Contra-Costa-Unified-School-District-CA-GO-Bond-Rating-Cut-To-A-339-78-Million-GO-Refunding-Bonds-Rated-A-3253561>
  
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