- Language: English
- Published: August 2012
- Region: California
Summary: California Community College Financing Authority Gavilan Joint Community College District; Appropriations
- ID: 1717640
- December 2007
- Region: California
- Standard & Poors
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services affirmed its 'A+' Standard & Poor's underlying rating (SPUR), with a stable outlook, on California Community College Financing Authority's lease-revenue debt and reflects the lease-rental payments made by Gavilan Joint Community College District ('AA-' GO debt rating), Marin Community College District ('AA-' GO debt rating), Mt. San Jacinto Community College District, and West Valley-Mission Community College District ('AA' GO debt rating). The four districts are responsible for meeting their own lease-rental payments and will not be responsible for the other district's payments. Therefore, Standard & Poor's criteria dictate the weakest link's rating is assigned as the rating to these bonds. Gavilan Joint Community College District's underlying credit factors include the district's: Diverse property tax base...
Companies mentioned in this report are: Gavilan Jt Comnty Coll Dist,West Valley-Mission Comnty Coll Dist,California Comnty Coll Fincg Auth,Mt. San Jacinto Comnty Coll Dist,Marin Community College District
Action: Outlook: Stable
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Gavilan Jt Comnty Coll Dist,West Valley-Mission Comnty Coll Dist,California Comnty Coll Fincg Auth,Mt. San Jacinto Comnty Coll Dist,Marin Community College District