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Article: Fitch Rates $3.5MM Dos Palos Oro Loma JUSD --California-- GOs Series 2002A 'A'.
- Article from:
- Business Wire
- Article date:
- December 11, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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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Business Editors
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 11, 2002
Fitch Ratings assigns an 'A' rating to Dos Palos Oro Loma Joint Unified School District, CA's (the district) general obligation bonds, Election of 2002, series 2002A (bank qualified) $3,500,000, scheduled to be sold via negotiation on Dec. 12 led by Banc of America Securities. The bonds mature through 2027 and proceeds will be used to finance various school improvement projects.
The 'A' general obligation bond rating reflects the district's sound financial operations, highlighted by healthy general fund reserves and operating surpluses. The debt levels are moderate and will remain ...