Summary: Chaffey Community College District, California; General Obligation Jun 11
- ID: 1835640
- June 2011
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA' long-term rating and underlying rating (SPUR), with a stable outlook, on Chaffey Community College District, Calif.'s general obligation (GO) debt. The rating reflects our view of the district's: Participation in a broad regional economy, coupled with, what we consider, adequate-to-very-strong income indicators and extremely strong per capita wealth indicators; Operational flexibility, provided by the ability to reduce class sections and curriculum, an operational feature not shared by K-12 districts and one that could allow the district to respond to state funding cuts; Maintenance of consistently very strong reserves during the past four fiscal years; and Low net debt burden with minimal additional capital needs. We believe recent state funding cuts, which put...
Companies mentioned in this report are:
- Chaffey Comnty Coll Dist
Action: Outlook: Stable
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