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Summary: San Joaquin Delta Community College District, California; General Obligation Feb 13 Product Image

Summary: San Joaquin Delta Community College District, California; General Obligation Feb 13

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

Abstract
Standard & Poor's Ratings Services affirmed its 'A+' long-term rating and underlying rating (SPUR), with a stable outlook, on San Joaquin Delta Community College District, Calif.'s general obligation (GO) bonds. The rating reflects our opinion of the district's: Strong financial performance and maintained fund balance despite previous state funding cutbacks; Operational flexibility provided by its ability to reduce class sections and curriculum, if required; and Good financial management practices. We believe the rating is somewhat offset by, what we consider, the district's: Decreasing assessed value (AV), High unemployment, and Moderate debt. Unlimited ad valorem taxes levied on taxable property in the district secure the GO bonds. San Joaquin Delta Community College District encompasses approximately 2,300 square miles and serves most...

Companies mentioned in this report are:
- San Joaquin Delta Comnty Coll Dist

Action: Affirmed
Action: Outlook: Stable

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- San Joaquin Delta Comnty Coll Dist

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