S&P Global Ratings affirmed its ?A+' underlying rating (SPUR) on Siskiyou Joint Community College District (CCD), Calif.'s existing general obligation (GO) bonds. The outlook is stable. Unlimited ad valorem taxes levied on taxable property within the district secure the GO bonds. As of June 30, 2024, the district?s outstanding debt totaled $31.1 million. The rating reflects our view of the CCD's adequate enterprise risk profile and strong financial risk profile. The enterprise risk profile reflects the district's relatively small yet generally increasing enrollment base and stable local economy, as well as some turnover in management positions, which could pose additional challenges with fiscal 2026 budget development and monitoring as the district navigates budgetary changes for fiscal 2026 and fiscal 2027.
