Summary: California Community College Financing Authority, Kern Community College District, College Of The Sequoias Community College District; Appropriations
- ID: 1717979
- June 2010
- Region: California
- Standard & Poors
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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 assigned its 'A' long-term rating to the California Community College Financing Authority, Calif.'s series 2010A lease revenue bonds, issued on behalf of the College of the Sequoias Community College District and the Kern Community College District. The series 2010A bonds are secured by lease payments to be paid from both the College of the Sequoias Community College District and the Kern Community College District. Each district is only obligated to pay lease payments per their own separate lease agreements and each district is not obligated to make up any deficiency in lease payments of the other district. Based on our criteria, the rating reflects our assessment of the credit quality of the lease payments from...
Companies mentioned in this report are: Kern Comnty Coll Dist,California Comnty Coll Fincg Auth,College of the Sequoias Comnty College Dist
Action: New Rating
Action: Outlook: Stable
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