Schools Infrastructure Financing Agency, CA Special Tax Bonds Assigned #A# Rating

Stocks and Financial Services Press Releases Thursday May 15, 2014 09:14
SAN FRANCISCO--15 May--Standard & Poor's

SAN FRANCISCO (Standard & Poor's) May 14, 2014--Standard & Poor's RatingsServices assigned its 'A' long-term rating to the Schools InfrastructureFinancing Agency, Calif.'s series 2014 special tax refunding bonds. Theoutlook is stable.

"The rating reflects our view of the agency's built out residential status andrelatively low effective tax rates," said Standard & Poor's credit analystKate Burroughs. "Further supporting the rating is our view of the agency's lowhistorical delinquencies," Ms. Burroughs added.

Proceeds of the bonds will be used to refund the entirety of the agency'sseries 2004 bonds.

The agency is a joint powers agency established for the purpose of formingthree community facilities districts (CFDs) -- CFD 1994-1, CFD 1997-1, and CFD1998-1 -- to provide financing for Modesto High School District, Sylvan UnionSchool District, and Stanislaus Union School District.

Latest Press Release

Bangkok Bank reports second quarter 2019 net profit of Baht 9,347 million

In 2019, the Thai economy is forecast to expand more slowly than in 2018. Slowing global growth, uncertainty over international trade policies and the persistently strong baht have weighed on both exports and tourism. However, the Thai economy is...


Siam Commercial Bank and its subsidiaries announced total operating income of Baht 36.0 billion in the second quarter of 2019, up 4.9% yoy, with the increase largely attributable to robust net interest income (NII) growth. Strong operating profit...

SET unveils Digital Gateway to access the National Digital ID Platform

The Stock Exchange of Thailand (SET) is poised to introduce its Digital Gateway to enable an efficient, secure and cost-effective means to access the National Digital ID Platform (NDID). The NDID Platform is Thailand's financial market infrastructure...

Photo Release: Ichitan Group opens Ichitan Green Factory welcomes investors from MBKET

Mr. Tan Passakornnatee, Chief Executive Officer of Ichitan Group Public Company Limited along with Mr. Tanapan Khongnuntha Executive Vice President Sales and Distribution, Mr. Viroj Supasoon Executive Vice President Plant and Product And Mr. Apichat...

Photo Release: KBank showcases financial innovation of the future

Mr. Veerathai Santiprabhob (center), Governor of the Bank of Thailand, and Mr. Predee Daochai (third from left) , KBank President, opened the KBank booth in the Bangkok FinTech Fair 2019, which showcases financial service and lifestyle of the future....

Related Topics