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Peralta Community College District, CA's GO, POB Bond Ratings Removed From CreditWatch Neg, Negative Outlook Assigned Jul 10

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Abstract
SAN FRANCISCO (Standard & Poor's) July 29, 2010-- Standard & Poor's Ratings Services removed its 'AA-' and 'A+' ratings on Peralta Community College District, Calif.'s, general obligation (GO) bonds and pension obligation bonds from CreditWatch with negative implications. The outlook is negative. In addition, Standard & Poor's affirmed its 'AA-' rating on the district's GO bonds and 'A+' rating on the district's pension obligation bonds. "The CreditWatch removal reflects our view of the district's formal adoption of a 2009-2010 budget and its reduction of both certificated and staffing levels due to state funding cuts," said Standard & Poor's credit analyst Li Yang. "The negative outlook reflects our view of the district's probationary accreditation status and the risk that it may...

Companies mentioned in this report are: Peralta Comnty Coll Dist
Action: Affirmed
Action: Outlook: Negative
Action: Removed From CreditWatch

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.

Companies Mentioned

Peralta Comnty Coll Dist

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Peralta Community College District, CA's GO, POB Bond Ratings Removed From CreditWatch Neg, Negative Outlook Assigned Jul 10

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Peralta Community College District, CA's GO, POB Bond Ratings Removed From CreditWatch Neg, Negative Outlook Assigned Jul 10

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Order information

Product name

Web Address

Office Code

Report Formats

Contact information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Payment information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Please fax this form to:
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+353-1-481-1716 or +353-1-653-1571 (from Rest of World)