School Slide

Saskal, Rich
January 2005
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p7
Trade Publication
The article reports that burdens of high enrollment growth prompted Standard & Poor's Corp. to lower the rating of Natomas Unified School District as of January 2005. The Sacramento-area district's general obligation rating was dropped to A-minus from A. Standard & Poor's cited the capital pressures caused by rapid enrollment growth and the high debt levels that have resulted. Analyst Misty Newland said a large portion of the district's debt is lease-based debt not supported by property tax levies. "Capital pressures have also caused the issuance of additional debt earlier than management expected at the time of the last rating," she said.


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