Summary: Central Oregon Community College District; General Obligation; School State Program

S&P Global Ratings raised its long-term rating and underlying rating to 'AA' from 'AA-' on Central Oregon Community College District's full faith and credit obligations and its underlying rating on the district's general obligation (GO) bonds. The outlook is stable. The rating action reflects our view of the district's willingness and ability to adjust revenue and expenditures in response to major changes in demand and more moderate changes in state support for community college districts, as seen in its track record of maintaining very stable reserves during the recent strong up-cycle in enrollment and the current down-cycle. The full faith and credit obligations are secured by the district's full faith, credit, and resources, including a covenant to levy ad valorem

...S&P Global Ratings raised its long-term rating and underlying rating to '##' from '##-' on Central Oregon Community College District's full faith and credit obligations and its underlying rating on the district's general obligation (GO) bonds. The outlook is stable. The rating action reflects our view of the district's willingness and ability to adjust revenue and expenditures in response to major changes in demand and more moderate changes in state support for community college districts, as seen in its track record of maintaining very stable reserves during the recent strong up-cycle in enrollment and the current down-cycle. The full faith and credit obligations are secured by the district's full faith, credit, and resources, including a covenant to levy ad valorem property taxes within constitutional and statutory limitations on assessed valuation growth and levy rates. The pledge supporting the GO bonds is not subject to these limitations. The rating reflects our view of the district's:...

Summary