Southwestern Oregon Community College District Bond Rating Outlook Revised To Negative On Deficit Spending

Stocks and Financial Services Press Releases Tuesday November 29, 2016 16:35
SAN FRANCISCO--29 Nov--S&P Global Ratings

SAN FRANCISCO (S&P Global Ratings) Nov. 28, 2016--S&P Global Ratings revised the outlook to negative from stable and affirmed its 'A+' long-term rating on Southwestern Oregon Community College District's full faith and credit bonds outstanding. At the same time, S&P Global Ratings assigned its 'A+' long-term rating to the district's full faith and credit refunding bonds series 2016 and 2017.

"The outlook revision reflects our view of the district's continued deficit spending, large reliance on state funding, and declining enrollment trends," said S&P Global Ratings credit analyst Brian Phuvan.
The 2016 refunding bond proceeds will be used to refund a portion of the district's series 2005, 2006, and 2010 bonds outstanding for debt service savings.

The 2017 refunding bond proceeds will be used to forward refund a portion of the district's series 2007 bonds outstanding for debt service savings. Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria.

Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com and atwww.spcapitaliq.com.

All ratings affected by this rating action can be found on the S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.

Latest Press Release

WHA Industrial Development Signs Double Deal with Chinese Investor GESAC for Land Purchase and Ready Built Factory Lease

Golden Egret Cement Carbide (Thailand) Co., Ltd. (GESAC) has signed a double agreement for the purchase of 56 rai of land and the 3-year lease of a 4,700 sq m Ready-Built-Factory (RBF) at WHA Eastern Seaboard Industrial Estate 1 (WHA ESIE 1). WHA...

Bangkok Bank approved that an interim dividend be paid at the rate of Baht 2.00 per ordinary share

Bangkok Bank approved that an interim dividend from the profit of the operations for the first half of the year 2019 be paid on September 20, 2019 at the rate of Baht 2.00 per ordinary share. Bangkok Bank President Chartsiri Sophonpanich said the Board...

GoComet raises SGD3 million in Series A Round Led by Leo Capital

GoComet today announced that it has raised SGD3 million in a Series A round led by Leo Capital, alongside SGInnovate and August One, with participation from existing investor,India Quotient. Headquartered in Singapore, GoComet also operates in India,...

Fitch Rates PTT Global Chemical#s Debentures #AA+(tha)#

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'AA+(tha)' to PTT Global Chemical Public Company Limited's (PTTGC, AA+(tha)/Stable) new senior unsecured debentures. The debentures of up to THB10 billion will be issued in three...

LGT reports strong net asset inflows and further business expansion in first half of 2019

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, achieved a group profit of CHF 155.6 million and further expanded its client business in the first half of 2019. The results reflect solid...

Related Topics