LAUSD Gets Rating Boost Ahead Of Planned BABs Refunding.

The Los Angeles Unified School District (LAUSD) has received upgrades from two ratings agencies ahead of its $2.98 billion Build America Bonds redemption and general obligation bond refunding. The upgrades affect approximately $11 billion in outstanding GOULT bonds and $472 million in outstanding COPs. The upgrades were due to the district's consistent financial performance, conservative budgeting practices, and multiyear planning. Despite enrollment declines, the district's efforts to align operations and staffing levels with reduced revenue will support stable operations. The district is the second largest in the country, with projected enrollment for fiscal 2025 of 403,453, a 2% decline from the prior year. [Extracted from the article]

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