California School Cash Reserve Program Authority; Note Jun 12

Standard & Poors, June 2012

Abstract
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to the California School Cash Reserve Program Authority's series A, B, C, D, E, F, G, H, I, J, K, L, M, N, and S bonds, its 'SP-1' short-term rating to the authority's series O, Q, and R bonds, and its 'SP-2' short-term rating to the authority's series P bonds. The ratings are based on our opinion of the credit strength of each pool participant's tax and revenue anticipation note (TRAN). The ratings further reflect our opinion of: Adequate-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...

Action: New Rating

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Research Type: Full Analysis

- California Sch Cash Resv Prog Auth
- Buena Pk Sch Dist
- Red Bluff Jt Un High Sch Dist
- Pleasanton Unif Sch Dist
- Las Virgenes Unif Sch Dist
- Conejo Vy Unif Sch Dist
- Cupertino Un Sch Dist
- Pacifica
- Morgan Hill Unif Sch Dist
- Rialto Unif Sch Dist
- Simi Vy Unif Sch Dist
- Riverside Comnty Coll Dist
- Temecula Vy Unif Sch Dist
- San Bernardino City Unif Sch Dist
- Covina-Vy Unif Sch Dist
- Fontana Unif Sch Dist
- Murrieta Vy Unif Sch Dist
- San Mateo Cnty Comnty Coll Dist
- El Tejon Unif Sch Dist
- Franklin-McKinley Sch Dist
- Rim of the World Unif Sch Dist
- Lake Elsinore Unif Sch Dist
- Hillsborough City 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
- Sanger Unif Sch Dist
- Rio Elem Sch Dist
- Calaveras Unif Sch Dist
- Gilroy Unif Sch Dist
- Colton Jt Unif Sch Dist
- Cabrillo Unif Sch Dist
- Sonoma Vy Unif Sch Dist
- Moorpark Unif Sch Dist
- Oxnard Un High Sch Dist
- Bret Harte Union High Sch Dist
- Carpinteria Unif Sch Dist
- Stockton Unif Sch Dist
- Los Banos Unif Sch Dist
- Calipatria Unif Sch Dist
- Capistrano Unif Sch Dist
- Exeter Un Elem Sch Dist
- Kelseyville Unif Sch Dist
- Soledad Unif Sch Dist
- Belmont-Redwood Shores Sch Dist
- Porterville Unif Sch Dist
- Alvord Unif Sch Dist
- Eastside Un Sch Dist
- Washington Un Sch Dist
- South Whittier Elem Sch Dist
- Yosemite Unif Sch Dist
- Los Gatos-Saratoga Jt Un High Sch Dist
- Palo Verde Unif Sch Dist
- Delano Jt Un High Sch Dist
- West Hills Comnty Coll Dist
- Golden Vy Unif Sch Dist
- Jurupa Unif Sch Dist
- William S. Hart Un High Sch Dist
- Pacific Grove Unif Sch Dist
- Centinela Vy Un High Sch Dist
- Santa Paula Elem Sch Dist
- Galt Jt Un Elem Sch Dist
- Anaheim City Sch Dist
- Loma Prieta Jt Un Elem Sch Dist
- Lompoc Unif Sch Dist
- Corning Un Elem Sch Dist
- Banning Unif Sch Dist
- Bellflower Unif Sch Dist
- Amador Cnty Unif Sch Dist
- Roseland Sch Dist
- Sierra Unif 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
- Big Oak Flat-Groveland USD
- Chawanakee Unif Sch Dist
- Galt Jt Un High Sch Dist
- Nuview Un Sch Dist
- Santa Ynez Vy Un High Sch Dist
- Orland Jt Unif Sch Dist
- Los Nietos Elem Sch Dist
- Amador Cnty Office of Ed
- Delano Un Elem Sch Dist
- River Delta Unif Sch Dist
- Lancaster Sch Dist (Los Angeles Cnty)
- Madera Cnty Brd of Ed
- Hollister Elem Sch Dist
- Trinity County Board of Education
- Sonora School District
- Sonora Union High School District
- Pacifica Sch Dist
- Shaffer Un Elem Sch Dist
- Corning Un High Sch Dist
- Red Bluff Un Elem Sch Dist
- Tulare County Board of Education
- Kings River Hardwick Un Sch Dist
- Center Jt Unif Sch Dist
- Gerber Un Elem Sch Dist
- Washington Unif Sch Dist (Fresno Cnty)
- Buellton Un Sch Dist

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