Rating Motion: Moody’s assigns Aaa to Mountain View Whisman Faculty District, CA’s GO refunding bonds outlook stableGlobal Credit score Study – 21 Apr 2021New York, April 21, 2021 — Moody’s Buyers Services has assigned a Aaa ranking to Mountain View Whisman College District, CA’s $84.3 million 2021 Standard Obligation Refunding Bonds (Federally Taxable). Concurrently, Moody’s has maintained the district’s Aa1 issuer and Aaa typical obligation limitless tax (GOULT) ratings, affecting $280 million in fantastic GOULT financial debt. The outlook is steady.Rankings RATIONALEThe Aa1 issuer ranking reflects the district’s vivid neighborhood economic climate in the heart of Silicon Valley and unusually significant resident income and wealth, which offer uplift to the rating. The rating also demonstrates the district’s solid financial position, supported by a official basic fund reserve plan (17-20% of expenses), workable enrollment traits and average entrenchment in group funded status. Additional thing to consider is specified to the district’s powerful nearby assist for schooling, evidenced by voter acceptance for various bond and parcel tax measures in the past two a long time. These strengths support mitigate considerable leverage stemming from big superb personal debt and pension liabilities. The district’s long-expression liabilities and modified mounted cost ratios considerably exceed nationwide peer medians and will keep on being elevated as additional debt issuances are planned.The Aaa score assigned to the district’s GO bonds is a single notch higher than the district’s issuer rating. The a single notch difference demonstrates California faculty district GO bond stability capabilities that include things like the physical separation via a “lockbox” for pledged house tax collections and a safety desire developed by statute.Ranking OUTLOOKThe stable outlook displays our expectation of ongoing advancement in the district’s lively economy and servicing of a sturdy economic place, supported by the district’s prudent fiscal management and increasing entrenchment in community funded status.Elements THAT COULD Lead TO AN Improve OF THE Rating- Meaningful, sustained reduction in long-time period liabilities and fixed costsFACTORS THAT COULD Direct TO A DOWNGRADE OF THE Rating- Reduction of local community funded position or adverse improvements in state procedures relating to these districts- Substance deterioration of fund stability or income ratios- Product raise in long-phrase liabilities and fixed expenses- Significant weakening of financial indicatorsLEGAL SECURITYThe GO bonds are secured by the levy of ad valorem taxes, endless as to price or sum, upon all taxable assets inside the district. The portion of the levy restricted for credit card debt provider is collected, held, and transferred directly to the paying agent by Santa Clara County (Aa1 secure) on behalf of the district.USE OF PROCEEDSProceeds of the GO bonds will refund portions the district’s outstanding Election of 2012 GO Bonds, Collection A and B for desire cost savings.PROFILEMountain Look at Whisman University District handles 11.8 square miles in the northwest corner of Santa Clara County, with just about all of its territory in the Town of Mountain Watch. The district was fashioned by the merger of the previous Mountain See College District and Whisman Elementary School District in 2001 and has been a neighborhood funded district because 2008. The district at the moment operates 9 elementary educational facilities, two middle colleges and a preschool and has a projected enrollment of 4,655 college students for fiscal 2021.METHODOLOGYThe principal methodology used in this ranking was US K-12 Community School Districts Methodology published in January 2021 and offered at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1202421. Alternatively, remember to see the Score Methodologies webpage on www.moodys.com for a copy of this methodology.REGULATORY DISCLOSURESFor further more specification of Moody’s vital rating assumptions and sensitivity evaluation, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. Moody’s Score Symbols and Definitions can be located at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For ratings issued on a program, series, group/course of financial debt or protection this announcement offers selected regulatory disclosures in relation to each and every rating of a subsequently issued bond or observe of the similar series, class/class of financial debt, security or pursuant to a system for which the rankings are derived exclusively from current ratings in accordance with Moody’s score tactics. For rankings issued on a help provider, this announcement supplies particular regulatory disclosures in relation to the credit score ranking action on the guidance service provider and in relation to every single specific credit history score action for securities that derive their credit score rankings from the help provider’s credit score rating. For provisional ratings, this announcement offers specific regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive ranking that could be assigned subsequent to the final issuance of the debt, in each individual situation exactly where the transaction structure and conditions have not adjusted prior to the assignment of the definitive score in a manner that would have impacted the ranking. For further information make sure you see the rankings tab on the issuer/entity web site for the respective issuer on www.moodys.com.Regulatory disclosures contained in this press launch apply to the credit rating ranking and, if relevant, the connected score outlook or score critique.Moody’s normal rules for evaluating environmental, social and governance (ESG) threats in our credit history analysis can be identified at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1243406.Please see www.moodys.com for any updates on variations to the direct ranking analyst and to the Moody’s authorized entity that has issued the score.Please see the rankings tab on the issuer/entity site on www.moodys.com for supplemental regulatory disclosures for every credit rating rating. 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