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General Obligations

FRESNO UNIFIED SCHOOL DISTRICT, CA - Moody's Research Report

Moody's Assigns Aa3 Rating to Fresno Unified School District (CA) GO Refunding Bonds

Posted on: June 20, 2012, 7:32 pm

NEW YORK, June 20, 2012 --Moody's Investors Service has assigned an Aa3 rating to the Fresno Unified School District (CA) 2012 General Obligation Refunding Bonds Series A, for approximately $49.9 million, and 2012 General Obligation Refunding Bonds Series B, for approximately $32.5 million. Concurrently, we have affirmed the Aa3 rating on the district's outstanding GO debt. The general obligation (GO) bonds are secured by an unlimited property tax pledge. The 2012 Series A bonds are being issued to refund a portion of its General Obligation Bonds, Election 2001, Series D and Series E, and 2004 Refunding General Obligation Bonds, Series A. The 2012 Series B bonds are being issued to refund a portion of its 1998 General Obligation Refunding Bonds, Series A and Series B...

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