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California Community College Financing Authority's Series 2011D TRAN Pool Note Participations Rated 'SP-1+'
Standard & Poors, April 2011
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) April 15, 2011--Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to the California Community College Financing Authority's (CCCFA) series 2011D tax and revenue anticipation note (TRAN) pool note participations. 'The rating reflects our view of a note structure that requires a set-aside of note principal and interest by each district on Aug. 1, 2011, and Nov 1, 2011, and good coverage by each participating district of note principal and interest, both at the set-aside dates and the April 30, 2012, maturity,' said Standard & Poor's credit analyst Jen Hansen. The CCCFA's series 2011D TRAN pool notes have an interest in the 2010-2011 TRANs issued by five California community college districts. Each participant's obligation...
Companies mentioned in this report are: California Comnty Coll Fincg Auth,Cabrillo Comnty Coll Dist,Palo Verde Comnty Coll Dist,Merced Comnty Coll Dist,San Luis Obispo Cnty Comnty Coll Dist
Action: New Rating
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