KBRA Releases Report Assigning AAA and Stable Outlook to San Diego USD General Obligation Bonds

NEW YORK–(BUSINESS WIRE)–On September 18, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AAA with a stable outlook to the San Diego Unified School District, CA:

• 2019 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series K-1, Series K-2, and Series L)
• 2019 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2018, Series C-1 and Series C-2)

KBRA additionally affirmed the long-term rating of AAA and stable outlook on the District’s:

• 2016 General Obligation Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2018, Series J-2)
• 2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) Series R-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)

To access the detailed 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.

Contacts

Analytical Contacts:
Patricia McGuigan, Senior Director

(646) 731-3350

pmcguigan@kbra.com

Peter Scherer, Associate

(646) 731-2325

pscherer@kbra.com