KBRA Assigns AAA Rating to the Los Angeles Unified School District 2024 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds); the Outlook is Stable
KBRA assigns a long-term rating of AAA to the Los Angeles Unified School District (County of Los Angeles, CA) 2024 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds).
- KBRA assigns a long-term rating of AAA to the Los Angeles Unified School District (County of Los Angeles, CA) 2024 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds).
- Concurrently, KBRA affirms the AAA rating on the District's outstanding parity General Obligation Bonds.
- Per consultation with external counsel, KBRA considers the bondholder protections afforded by the California constitution and state law to be robust.
- Reduction in the general fund balance below the 5% of expenditures policy threshold could pressure the rating.