Poway Unified School District Public Financing Authority, CA Series 2016A Bond Rating Raised To 'AA-' From 'A-'

SAN FRANCISCO (S&P Global Ratings) Jan. 4, 2019--S&P Global Ratings raised its 
underlying rating (SPUR) to 'AA-' from 'A-' on the Poway Unified School 
District Public Financing Authority, Calif.'s series 2016A special tax revenue 
refunding bonds outstanding. The outlook is stable. 

The rating action reflects the application of our updated methodology "Special 
Assessment Debt," published April 2, 2018 on RatingsDirect. 

"The rating reflects our view of the authority's strong-to-very-strong 
economic fundamentals, adequate-to-strong district characteristics, and strong 
financial profile," said S&P Global Ratings credit analyst Brian Phuvan. 

The stable outlook reflects our expectation that the local economy will remain 
strong-to-very-strong given its access to a broad and diverse metropolitan 
statistical area and very strong incomes.