Sierra Sands Unified School District
CUSIP 826482BV2
- Issue Currency: United States of America Dollars
- Announcement Date: 24-Jan-2018
- News: The Sierra Sands Unified School District hereby provides notice of a significant event regarding a rating change to the bond insurer of the Sierra Sands Unified School District (Kern County, California) General Obligation Bonds (Election of 2006), Series 2006A (the Bonds). On January 17, 2018, Moodys Investors Service (Moodys) downgraded its financial strength ratings on National Public Finance Guaranty (NPFG), formerly known as MBIA Insurance Corp., from A3 to Baa2. The Bonds are insured by NPFG. The rating on the Bonds is the higher of the underlying rating and the insured rating. As a consequence, the rating of the Bonds remains the underlying rating, Aa3. Further information regarding the rating action may be obtained from Moodys. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 19-Dec-2017
- News: The Sierra Sands Unified School District hereby provides notice of a significant event regarding a rating change to the Sierra Sands Unified School District (Kern County, California) General Obligation Bonds (Election of 2006), Series 2006A (the Bonds). On December 5, 2017, Kroll Bond Rating Agency (KBRA) downgraded the insurance financial strength rating from AA+ to AA on National Public Finance Guarantee Corp. (NPFG), a subsi diary of MBIA Inc., assigned a Negative Outlook and subsequently withdrew the rating for business reasons. The Bonds are insured by NPFG. KBRA does not maintain an underlying rating on the Bonds. As a consequence, the KBRA rating on the Bonds has been withdrawn. Further information regarding the rating action may be obtained from KBRA. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 06-Jul-2017
- News: On June 26, 2017, S&P Global Ratings (S&P) downgraded its financial strength rating on National Public Finance Guarantee (NPFG), formerly known as MBIA Insurance Corp., from AA- to A. The Bonds are insured by NPFG. The rating on the Bonds is the higher of the underlying rating and the insured rating. As a consequence, the rating of the Bonds was downgraded to the underlying rating, A+. For Bond Document please visit www.BondPDF.com
