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Butte-Glenn Comnty Coll Dist, CA's GO Rating Raised To 'AA-' On Continued Strong Reserve Levels And Low Debt Profile Apr 09
Standard & Poors, April 2009
Abstract
SAN FRANCISCO (Standard & Poor's) April 6, 2009--Standard & Poor's Ratings Services raised its underlying rating (SPUR) to 'AA-' from 'A+' on Butte-Glenn Community College District, Calif.'s outstanding general obligation (GO) debt, and assigned its 'AA-' rating, with a stable outlook, to the district's GO bonds (election of 2002, series C). The raised SPUR reflects our view of the district's continued strong reserve levels and low debt profile. Additional factors supporting the raised rating include a diverse and strongly growing tax base; good financial performance, policies, and management; and a low debt burden. Offsetting the foregoing strengths are the merely adequate income levels and relatively higher unemployment rates in the region. We understand that the bonds are being issued to...
Companies mentioned in this report are: Butte-Glenn Comnty Coll Dist
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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.
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