Moody’s Assigns Aa2 Rating to Glendale USD

Moody’s Investors Service has assigned an Aa2 rating to the Glendale, Calif., Unified School District’s general obligation bonds, 2011 election Series A, A-1, and A-2.

Concurrently, Moody’s affirmed the Aa2 on the district’s outstanding GOs as well as the A1 rating on its certificates of participation, Series 2003B.

The GO bonds are secured by an unlimited property tax pledge and the COPs are secured by the school district’s lease payments.

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