HART BONDS RATED STRONG INVESTMENTS ON SALE ON JUNE 9.Byline: Daily News Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. , a recognized standard for bond ratings, has awarded the Hart High School Hart High School may refer to:
Approved by voters in 2001 to build new schools and renovate existing ones, the second series of the bond is scheduled to sell beginning June 9. Fitch also affirmed the $66.3 million outstanding bond money. The rating outlook is stable. The AA-minus rating reflects the William S. Hart Union High School District's strong taxable assessed valuation growth, healthy underlying economic base and good financial operations resulting in reserves above the state-required level, the rating service said in a statement released Wednesday. The top rating possible is AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. , but Hart lost points because of state funding cuts. Incorporated in the rating are operating and capital pressures associated with rapid enrollment growth, slow payout on the bonds and continuing uncertainty with regard to state funding. The district has built up its reserves in anticipation of the costs of operating the new schools; however, the reduced state funding has negatively affected its fund balance buildup and continues to hinder the district's budgeting and planning, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the rating company. The Hart district operates the Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, Valley's six public high schools, six junior highs and a handful of alternative programs. Funds from the 2001 voter-approved bond issue are being tapped for the $99 million renovations of Canyon and Saugus high schools Saugus High School may refer to:
The city of Santa Clarita and the district have experienced significant growth in recent years - the local population has increased about 9 percent since 2000 to about 165,000. The district's enrollment has increased, on average, by more than 8 percent per year since fiscal 2000, with enrollment for fiscal 2005 at more than 22,000. |
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