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Fitch Affirms South Whittier Elementary School District, CA's GOs at 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the following ratings for South Whittier Elementary School District (the district): --$2.9 million general obligation (GO) bonds, series 1998A at 'AA-'; --$6.3 million GO bonds, series 2004A at 'AA-'. The Rating Outlook is Stable. SECURITY The GO bonds are payable from an unlimited ad valorem tax pledge. KEY RATING DRIVERS: SATISFACTORY FINANCIAL PROFILE: General fund reserves remained adequate in fiscal 2014 despite a modest operating defic

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