Summary: California Community College Financing Authority Gavilan Joint Community College District; Appropriations
- ID: 1717640
- December 2007
- Region: California
- Standard & Poors
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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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