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Summary: Palo Verde Community College District Facility Corp., California Palo Verde Community College District; Appropriations; General Obligation Feb 13 Product Image

Summary: Palo Verde Community College District Facility Corp., California Palo Verde Community College District; Appropriations; General Obligation Feb 13

  • Published: February 2013
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'BBB+' long-term rating and underlying rating (SPUR) on Palo Verde Community College District Facility Corp., Calif.'s certificates of participation (COPs) issued for Palo Verde Community College District. In addition, Standard & Poor's affirmed its 'A-' long-term rating and SPUR on Palo Verde Community College District School Facilities Improvement District (SFID) No. 2004-1's general obligation (GO) bonds. The outlook on all ratings is stable. The 'BBB+' ratings on the COPs reflect our view of the district's: Covenant to budget and appropriate lease payments during the life of the obligations and General credit characteristics. The 'A-' ratings on the district's SFID 2004 -1 GO bonds reflects our view of the district's: Pledge of unlimited ad...

Companies mentioned in this report are:
- Palo Verde Comnty Coll Dist
- Palo Verde Comnty Coll Dist SFID No. 2004-1

Action: Affirmed

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- Palo Verde Comnty Coll Dist
- Palo Verde Comnty Coll Dist SFID No. 2004-1

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