กรุงเทพฯ--6 พ.ย.--Standard & Poor's
SAN FRANCISCO (Standard & Poor's) Nov. 5, 2014--Standard & Poor's RatingsServices lowered its long-term rating to 'D' from 'CC' and removed the ratingfrom CreditWatch with negative implications on the California StatewideCommunities Development Authority's series 2008A tax-exempt revenue bonds andseries 2008B taxable revenue bonds issued for Thomas Jefferson School of Law(TJSL).
"TJSL did not pay bondholders in full, as revealed in the trustee's Sept. 29,2014, posting to EMMA," said Standard & Poor's credit analyst Carlotta Mills.
According to our criteria and rating definitions, an issue rating is loweredto 'D' "when payments on an obligation are not made on the date due."