San Diego Business Journal

Fitch Downgrades San Ysidro School District Bonds

Monday, November 18, 2013

Fitch Downgraded some $82 million in San Ysidro School District general obligation bonds, series B, C, D, E and F, to BB+ from BBB+.

Fitch reports the district’s $29.1 million certificates of participation (COPs) series 2001, 2005, and 2007 were downgraded to BB form BBB.

The bonds and COPs are place on ‘Rating Watch Negative.”