Los Angeles Unified School District, CA – G.O. Rating Report
Rating Summary
The long-term rating reflects the exceptionally strong security structure supporting repayment of the District’s General Obligation (“G.O.”) Bonds, together with the consistent performance and breadth of the Los Angeles Unified School District’s (“LAUSD” or the “District”) property tax base upon which ad valorem taxes pledged to the payment of debt service are levied. Because debt service is secured by an unlimited ad valorem property tax levied on taxable property within the District, KBRA’s analysis places predominant weight on these security features.
Proceeds of the G.O. Series QRRUS (2026) will be used to finance certain school facilities projects, fund capitalized interest, pay principal on a federally taxable component of the Series QRRUS (2026) Bonds, and pay costs of issuance.
G.O. Bonds (the “Bonds”) are secured by a statutory lien on ad valorem taxes assessed on all taxable property within the District (“pledged revenues”) pursuant to the State of California…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.