Bangkok--19 Aug--Standard & Poor's
Standard & Poor's Ratings Services raised its underlying rating (SPUR) to 'AA-' from 'A+' on Yavapai County Community College District, Ariz.'s outstanding general obligation (GO) bonds. The outlook is stable.
"The raised rating reflects our view of the district's solid financial policies as well as its performance and revenue raising flexibility," said Standard & Poor's credit analyst Jessica Matsumori. "The rating is further supported by the district's very low debt burden, without significant additional bonding plans or capital needs."
The district has plans to issue debt within the next two years.
Yavapai County Community College District served an estimated 227,468 people in 2009 and is coterminous with the county, covering a vast 8,100 square miles just north of Maricopa County. It provides introductory undergraduate general-education courses, job training services, and other academic programs.
RELATED CRITERIA AND RESEARCH
USPF Criteria: GO Debt, Oct. 12, 2006
USPF Criteria: Key General Obligation Ratio Credit Ranges — Analysis Vs. Reality, April 2, 2008
Complete ratings information is available to RatingsDirect subscribers on the Global Credit Portal at www.globalcreditportal.com and RatingsDirect subscribers at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column.
Media Contact:
Ana Sandoval, New York (1) 212-438-5095,
[email protected]
Analyst Contacts:
Jessica Matsumori, San Francisco (1) 415-371-5083
Sussan Corson, New York (1) 212-438-2014