California Community College Financing Authority's TRANs Assigned 'SP-1+' Rating

Standard & Poors, June 2006

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
SAN FRANCISCO (Standard & Poor's) June 9, 2006--Standard & Poor's Ratings Services assigned its 'SP-1+' rating to California Community College Financing Authority's $75 million series 2006-2007 TRANs. The rating is based on the pledge of unrestricted fiscal 2006-2007 revenues by the individual community college districts under their TRAN resolutions. Each series is a several obligation, with no district having the obligation to make up any deficiency of another district. "The participants' general credit characteristics are strong," Standard & Poor's credit analyst Joon Kang said. "Coverage of note principal by projected ending cash balances at June 29, 2007, ranges from 1.02x to 3.60x. When including other available funds, the coverage ranges from 1.27x to 4.30x." The proceeds of the bonds will...

Companies mentioned in this report are: California Comnty Coll Fincg Auth
Action: New Rating

California Comnty Coll Fincg Auth

Customers who bought this item also bought

• Best Practices in Student Retention, 2012 Edition
• The Survey of Distance Learning Programs in Higher Education, 2012-13 Edition
• Survey of Public Relations Practices in Higher Education
• The Survey of Library Cafes, 2012-13 Edition
• Information Literacy Efforts Benchmarks, 2013 Edition
• Higher Education Revenue Outlook, 2013 Edition
• Best Practices in Student & Faculty Assessment, 2012 Edition
• Redesigning the College Library Building, 2013 Edition
• The Survey of Assessment Practices in Higher Education, 2013 Edition
• Academic Library Website Benchmarks, 2013 Edition