...S&P Global Ratings assigned its '##+' long-term rating and '##' underlying rating to Central Oregon Community College District, Ore.'s series 2021 general obligation (GO) refunding bonds (anticipated $25.68 million). Additionally, S&P Global Ratings assigned its '##' long-term rating to the district's series 2021 full faith and credit refunding obligations (anticipated $18.6 million). The outlook is stable. The '##+' long-term rating reflects our view of the district's eligibility for, and expected participation in, the Oregon School Bond Guaranty Program. The rating is equal to, and moves in tandem with, our view of the State of Oregon's general creditworthiness to reflect the state's commitment to make timely principal and interest payments. Under the program, the district is required to submit audited financial statements and budget documents annually to the state department of education, as well as report any material changes or events that might affect its eligibility to participate...
