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California School Cash Reserve Program Authority; Note Jun 12

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

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: Full Analysis
Companies Mentioned
- 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 Valley Unif Sch Dist
- Riverside Comnty Coll Dist
- Temecula Vy Unif Sch Dist
- Covina-Vy Unif Sch Dist
- Murrieta Vy Unif Sch Dist
- San Mateo Cnty Comnty Coll Dist
- El Tejon 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
- Calaveras Unif Sch Dist
- Gilroy Unif Sch Dist
- Colton Jt 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
- Belmont-Redwood Shores Sch Dist
- Porterville Unif Sch Dist
- Alvord Unif Sch Dist
- South Whittier Elem 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
- Corning Un Elem Sch Dist
- Bellflower Unif Sch Dist
- Amador Cnty Unif Sch Dist
- Roseland 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
- 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
- Delano Un Elem Sch Dist
- River Delta Unif Sch Dist
- Lancaster Sch Dist (Los Angeles Cnty)
- Madera Cnty Brd of Ed
- Sonora School District
- Sonora Union High School District
- Pacifica Sch Dist
- Buellton Un Sch Dist
- Red Bluff Un Elem Sch Dist
- Washington Unif Sch Dist (Fresno Cnty)
- San Bernardino City Unif Sch Dist
- Fontana Unif Sch Dist
- Franklin-McKinley Sch Dist
- Rim of the World Unif Sch Dist
- Cabrillo Unif Sch Dist
- Soledad Unif Sch Dist
- Eastside Un Sch Dist
- Washington Un Sch Dist
- Yosemite Unif Sch Dist
- Lompoc Unif Sch Dist
- Banning Unif Sch Dist
- Los Nietos Elem Sch Dist
- Tulare County Board of Education
- Center Jt Unif Sch Dist
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