Summary: California School Cash Reserve Program Authority; Note Jun 11

Standard & Poors, June 2011

Abstract
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to California School Cash Reserve Program Authority's series A, B, C, D, E, F, G, N, and O bonds and its 'SP-1' rating to the authority's series J, K, L, and M bonds. The ratings are based on our opinion of the credit strength of each pool participant's tax and revenue anticipation note (TRAN). The rating further reflects our opinion of: Good to very strong principal and interest coverage at maturity for each participating district's TRAN at maturity, and The districts' projection of sources of alternate liquidity in most cases, which boosts good to strong coverage to levels that we consider very strong. The authority is issuing the bonds to...

Action: New Rating

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- California Sch Cash Resv Prog Auth
- Buena Pk Sch Dist
- Red Bluff Jt Un High Sch Dist
- Calexico Unif Sch Dist
- Saddleback Vy Unif Sch Dist
- Ukiah Unif Sch Dist
- Pleasanton Unif Sch Dist
- Monterey Cnty Office of Ed
- Las Virgenes Unif Sch Dist
- Conejo Vy Unif Sch Dist
- Cupertino Un Sch Dist
- Morgan Hill Unif Sch Dist
- Rialto Unif Sch Dist
- Madera Unif Sch Dist
- Simi Vy Unif Sch Dist
- Riverside Comnty Coll Dist
- Temecula Vy Unif Sch Dist
- Sulphur Springs Un Sch Dist
- Selma Unif Sch Dist
- Barstow Unif Sch Dist
- Perris Un High Sch Dist
- Oak Park Unif Sch Dist
- Central Unif Sch Dist
- El Tejon Unif Sch Dist
- Burton Elem Sch Dist
- Lake Elsinore Unif Sch Dist
- Hillsborough City Sch Dist
- Hanford Elem Sch Dist
- Pleasant Vy Sch Dist
- Ojai Unif Sch Dist
- Ventura Unif Sch Dist
- Hesperia Unif Sch Dist
- Hemet Unif Sch Dist
- Lodi Unif Sch Dist
- Planada Elem Sch Dist
- Calaveras Unif Sch Dist
- Cabrillo Unif Sch Dist
- Fruitvale Sch Dist
- Sonoma Vy Unif Sch Dist
- Moorpark Unif Sch Dist
- Orchard Sch Dist
- Oxnard Un High Sch Dist
- Bret Harte Union High Sch Dist
- Stockton Unif Sch Dist
- Woodlake Union Elem Sch Dist
- Woodlake Union High Sch Dist
- Fillmore Unif Sch Dist
- Jefferson Un High Sch Dist
- Calipatria Unif Sch Dist
- Santa Rita Un Sch Dist
- Exeter Un Elem Sch Dist
- Kelseyville Unif Sch Dist
- Sebastopol Un Elem Sch Dist
- Coalinga-Huron Jt Unif Sch Dist
- Belmont-Redwood Shores Sch Dist
- Porterville Unif Sch Dist
- Alvord Unif Sch Dist
- South Whittier Elem Sch Dist
- Yosemite Unif Sch Dist
- Palo Verde Unif Sch Dist
- Delano Jt Un High Sch Dist
- West Hills Comnty Coll Dist
- Huntington Beach City Sch Dist
- Salinas City Elem Sch Dist
- Golden Vy Unif Sch Dist
- Jurupa Unif Sch Dist
- Pacific Grove Unif Sch Dist
- Garvey Sch Dist
- Santa Paula Elem Sch Dist
- Claremont Unif Sch Dist
- La Habra City Sch Dist
- Washington Unif Sch Dist (Yolo Cnty)
- Exeter Un High Sch Dist
- Galt Jt Un Elem Sch Dist
- Loma Prieta Jt Un Elem Sch Dist
- Merced City Sch Dist
- Lompoc Unif Sch Dist
- Corning Un Elem Sch Dist
- Hilmar Unif Sch Dist
- Bellflower Unif Sch Dist
- Amador Cnty Unif Sch Dist
- El Centro Elem Sch Dist
- Grant Elem Sch Dist
- Yolo Cnty Brd of Ed
- Konocti Unif Sch Dist
- Kerman Unif Sch Dist
- Fall River Jt Unif Sch Dist
- Monterey Peninsula Unif Sch Dist
- Eastern Sierra Unif Sch Dist
- Big Oak Flat-Groveland USD
- Chawanakee Unif Sch Dist
- Galt Jt Un High Sch Dist
- Bass Lake Jt Un Elem Sch Dist
- Pacheco Un Elem Sch Dist
- Kings River Un Elem Sch Dist
- Santa Ynez Vy Un High Sch Dist
- Orland Jt Unif Sch Dist
- Corcoran Unif Sch Dist
- Janesville Un Elem Sch Dist
- Lancaster Sch Dist (Los Angeles Cnty)
- Trinity County Board of Education
- Hueneme Elementary School District
- Pacifica Sch Dist
- Red Bluff Un Elem Sch Dist
- Meadows Un Elem Sch Dist
- Shaffer Un Elem Sch Dist
- Fontana Unif Sch Dist
- Murrieta Vy Unif Sch Dist
- San Mateo Cnty Comnty Coll Dist
- Franklin-McKinley Sch Dist
- Sanger Unif Sch Dist
- Rio Elem Sch Dist
- Farmersville Unif Sch Dist
- Carpinteria Unif Sch Dist
- Soledad Unif Sch Dist
- Eastside Un Sch Dist
- Los Gatos-Saratoga Jt Un High Sch Dist
- McSwain Un Elem Sch Dist
- Sierra Unif Sch Dist
- Nuview Un Sch Dist
- Los Nietos Elem Sch Dist
- Amador Cnty Office of Ed
- River Delta Unif Sch Dist
- Delano Un Elem Sch Dist
- Sonora Union High School District
- Buellton Un Sch Dist

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