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Foothill-De Anza Community College District, California; Tax Secured, General Obligation May 02
Standard & Poors, May 2002
The 'AA' rating on Foothill-De Anza Community College District, Calif.'s bonds reflects the district's: Participation in the very strong and vibrant technology-based economy of Santa Clara County ('AA+' issuer credit rating), marked by strong tax base growth and increasing income; Strong demand for educational programs, with over half the students residing beyond district boundaries; Strong management team, with a demonstrated ability to maintain a healthy financial position; and Moderately high, but manageable, debt levels and an affordable capital program. The GO bonds are secured by the district's full faith and credit pledge of ad valorem taxes. The district was established on January 15, 1957 and encompasses an approximately 105-square-mile-area in Santa Clara County. Located in the Los Altos Hills, the...
Companies mentioned in this report are: Foothill-De Anza Comnty Coll Dist
Action: New Rating
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Research Type: Full Analysis
Foothill-De Anza Comnty Coll Dist