- Language: English
- 238 Pages
- Published: April 2010
- Region: North America
Summary: California Community College Financing Authority College of the Sequoias Community College District Kern Community College District; Appropriations
- Published: March 2011
- 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' underlying rating (SPUR) on 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 outlook is stable. The series 2010A bonds are secured by lease payments to be paid from both College of the Sequoias Community College District ('A/Stable' appropriation rating) and the Kern Community College District ('A+/Stable' appropriation rating). Each district is obligated to make lease payments only per its respective lease agreement, and neither district is obligated to make up any deficiency in lease payments of the other. The rating reflects our assessment of the lower of the credit...
Companies mentioned in this report are: Kern Comnty Coll Dist,California Comnty Coll Fincg Auth,College of the Sequoias Comnty College Dist
Action: Outlook: Stable
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Kern Comnty Coll Dist,California Comnty Coll Fincg Auth,College of the Sequoias Comnty College Dist
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