Bangkok--19 Apr--Standard & Poor's
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Roseville Joint Union High School District School Facilities Improvement District No. 1, Calif.'s general obligation bonds, series 2011A. The outlook is stable.
"The rating reflects our view of the district's participation in the broad and diverse Sacramento economy and very strong wealth and income indicators," said Standard & Poor's credit analyst Kaitlyn Connors.
It is our understanding that the bonds will be used to finance a new high school in the district.
The district (population 5,000) spans 11.8 square miles in northwest Roseville. The largely residential district was created in 2007, and the high school, which is being funded by bond proceeds, will be the first high school in the district.
RELATED CRITERIA AND RESEARCH
- USPF Criteria: GO Debt, Oct. 12, 2006
- USPF Criteria: Key General Obligation Ratio Credit Ranges — Analysis Vs. Reality, April 2, 2008
Complete ratings information is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column.
Media Contact:
Edward Sweeney, New York (1) 212-438-6634,
[email protected]
Analyst Contacts:
Kaitlyn Connors, San Francisco 415-371-5033
Chris Morgan, San Francisco (1) 415-371-5032