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KBRA Releases Report Assigning AAA Rating and Stable Outlook to San Diego USD 2020 GO Refunding Bonds (Election of 2008, Series SR-2)

March 4, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Mar 4, 2020--

On March 3, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AAA and Stable Outlook to the San Diego Unified School District, CA 2020 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-2) (Federally Taxable).

KBRA additionally affirmed the long-term rating of AAA and Stable Outlook on the following San Diego Unified School District CA bonds:

  • 2019 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series K-2 and Series L);
  • 2019 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2018, Series C-2);
  • 2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series J-2);
  • 2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) Series SR-1;
  • 2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) Series R-5;
  • 2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series I);
  • 2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series G Bonds);
  • 2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series F Bonds).

Issuer: San Diego Unified School District, CA

Assigned

Rating

Outlook

2020 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-2) (Federally Taxable)

AAA

Stable

Affirmed

Rating

Outlook

2019 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series K-2 and Series L)

AAA

Stable

2019 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2018, Series C-2)

AAA

Stable

2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series J-2)

AAA

Stable

2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) Series SR-1

AAA

Stable

2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) Series R-5

AAA

Stable

2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series I)

AAA

Stable

2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series G Bonds)

AAA

Stable

2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series F Bonds)

AAA

Stable

The rating actions are based on KBRA’s U.S. Local Government GO Methodology.

To access the report, click here.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200304005787/en/

CONTACT: Analytical Contacts:Patricia McGuigan, Senior Director

+1 (646) 731-3350

pmcguigan@kbra.comPeter Scherer, Associate

+1 (646) 731-2325

pscherer@kbra.comBusiness Development Contact:Bill Baneky, Managing Director

+1 (646) 731-2409

bbaneky@kbra.comJames Kissane, Senior Director

+1 (203) 806-0026

jkissane@kbra.com

KEYWORD: CALIFORNIA NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2020.

PUB: 03/04/2020 03:37 PM/DISC: 03/04/2020 03:37 PM

http://www.businesswire.com/news/home/20200304005787/en