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California Cmnty Coll Fin Auth TRANS Rtd SP-1+ by S&P
Standard & Poors, May 1998
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NY -- Standard & Poor's CreditWire 5/28/98 -- Standard & Poor's today assigned its 'SP-1'-plus rating to California Community College Finance Authority's tax and anticipation revenue notes (TRANS) series 1998 A, B and C (see list below). The TRANS are scheduled to sell June 2, 1998. The rating reflects overcollateralization of the TRANS par amount at approximately 10% to address the possibility of debt service deficiencies in the 28 participating community college districts. The authority will use the proceeds of the series 1998A, B and C TRANS to purchase tax and revenue anticipation notes issued by the community college districts. Standard & Poor's evaluated historical and projected financial and liquidity information provided by each issuer, including the strength of their...
Companies mentioned in this report are: California Comnty Coll Fincg Auth
Action: New Rating
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