Kern Community College Safety, Repair, and Improvement District, California; General Obligation; General Obligation Equivalent Security Jun 13
- Language: English
- Published: June 2013
- Region: California
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to the West Hills Community College District School Facilities Improvement District No.2 (Coalinga), Calif.'s series B (election of 2008) general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'A+' underlying rating on the district's existing debt. The outlook is stable. The ratings reflect our view of the district's: Continued demand for educational services as well as the flexibility offered to community college districts to reduce course offerings if needed; Good financial performance in the past, which has led to strong reserve levels as of fiscal 2012; and Good financial management policies. Partly offsetting these foregoing strengths is our view of the district's adequate income levels on...
Companies mentioned in this report are: West Hills Comnty Coll Dist Sch Facs Improv Dist #2 (Coalinga)
Action: New Rating
Action: Outlook: Stable
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West Hills Comnty Coll Dist Sch Facs Improv Dist #2 (Coalinga)