Article: Fitch Affirms Greenfield Union School District, Kern County, CA's GOs at 'A+'; Outlook Stable.

In the course of routine surveillance, Fitch Ratings affirms the 'A+' rating of Greenfield Union School District, Kern County, California's (the district) $18.6 million of outstanding general obligation (GO) bonds. The Rating Outlook is Stable.

The 'A+' rating reflects the district's currently strong but challenged financial position, including prudent management actions and years of strong surpluses having built up a high unreserved general fund balance, tempered by a moderate budgeted drawdown, a volatile state funding environment, and recently slowing enrollment growth. Other considerations include the vulnerable local economy, evidenced by a weakening local ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!