Summary: Contra Costa Community College District, California; General Obligation

S&P Global Ratings assigned its 'AA+' long-term rating to Contra Costa Community College District (CCD), Calif.'s election of 2014, series 2020 C general obligation (GO) bonds and series 2020 GO refunding bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the District's existing debt. The outlook is stable. Revenue from unlimited ad valorem taxes levied on taxable property within the district secures the GO bonds. The Contra Costa County board of supervisors has the power and obligation to levy these taxes at the district's request for the bonds' repayment. The county is required to deposit such taxes, when collected, into the bonds' debt service fund. Officials will use new money bond proceeds to acquire, construct, and

...S&P Global Ratings assigned its '##+' long-term rating to Contra Costa Community College District (CCD), Calif.'s election of 2014, series 2020 C general obligation (GO) bonds and series 2020 GO refunding bonds. At the same time, S&P Global Ratings affirmed its '##+' rating on the District's existing debt. The outlook is stable. Revenue from unlimited ad valorem taxes levied on taxable property within the district secures the GO bonds. The Contra Costa County board of supervisors has the power and obligation to levy these taxes at the district's request for the bonds' repayment. The county is required to deposit such taxes, when collected, into the bonds' debt service fund. Officials will use new money bond proceeds to acquire, construct, and renovate educational facilities across the district. District officials will use refunding bond proceeds to refund a portion of the district's existing debt to realize savings without extending maturities....

Summary