TITLE

S&P: LAUSD Stabilizes Ahead of $1B in Deals

AUTHOR(S)
Saskal, Rick
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/31/2006, Vol. 355 Issue 32309, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on Standard & Poor's revision of its outlook for Los Angeles Unified School District general obligation (GO) bonds from negative on its AA-minus rating to stable. The stabilization of the district's general fund balance after a large fiscal decline in 2004 formed the basis of the ratings action. A new-money GO debt issue is planned by the district, with Banc of America Securities LLC as lead manager.
ACCESSION #
19752244

 

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