- Language: English
- Published: August 2012
- Region: California
Summary: California Community College Financing Authority; Note Aug 12
- ID: 2201757
- August 2012
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'SP-1' short-term rating to the California Community College Financing Authority's (CCCFA) series 2013B tax and revenue anticipation note (TRAN) pool note participations. The total participations will comprise Peralta Community College District and the College of the Sequoias Community College District. The rating reflects our view of strong coverage of note principal and interest by each participating district at maturity when including available sources of alternative liquidity and external borrowing. The rating also reflects our view of each of the district's significant historical variance from previously projected numbers or reliance on alternate liquidity or external borrowing to provide at least 1.0x coverage. The CCCFA's series 2013B TRAN pool note participations have an interest in...
Companies mentioned in this report are: California Comnty Coll Fincg Auth,Peralta Comnty Coll Dist,College of the Sequoias Comnty College Dist
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
California Comnty Coll Fincg Auth,Peralta Comnty Coll Dist,College of the Sequoias Comnty College Dist