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Article: CALIFORNIA: Fullerton Ratings.
- Article from:
- The Bond Buyer
- Article date:
- August 2, 2002
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fitch Ratings Monday said that solid financial conditions, sound management practices, and a low debt burden lay behind the AA rating assigned to the Fullerton Joint Union High School District's $38 million of general obligation bonds set to sell around Aug. 14.
George K. Baum & Co. is the underwriter for the negotiated sale, which is made up of current interest bonds and capital appreciation bonds.
In March, voters authorized a $67.9 million GO measure. The Series A bonds are the first installment. No additional debt is expected beyond the present authorization.
The district's economy is diverse, as it is located in the northwest section of ...