Fitch Ratings downgraded the Aromas-San Juan Unified School District’s general obligation bonds to BB-plus from BBB-minus.

“The downgrade reflects the district’s extremely weak financial position, including negative general fund total and unreserved fund balances, deficit spending, projected operating deficits unless further action is taken, a difficult state funding environment, and the need for external borrowing to support cash flows,” Fitch analysts Amy Doppelt and Scott Monroe wrote in a report.

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