{"id":3241,"date":"2014-08-28T08:10:57","date_gmt":"2014-08-28T15:10:57","guid":{"rendered":"http:\/\/skylinecollege.edu\/skylineshines\/?p=3241"},"modified":"2014-08-28T08:10:57","modified_gmt":"2014-08-28T15:10:57","slug":"san-mateo-county-community-college-district-assigned-highest-bond-ratings-in-the-state","status":"publish","type":"post","link":"https:\/\/skylineshines.skylinecollege.edu\/uncategorized\/san-mateo-county-community-college-district-assigned-highest-bond-ratings-in-the-state\/","title":{"rendered":"San Mateo County Community College District Assigned Highest Bond Ratings in the State"},"content":{"rendered":"<p><a href=\"http:\/\/skylinecollege.edu\/skylineshines\/wp-content\/uploads\/sites\/3\/2014\/08\/SMCCCD-Logo.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3242 alignleft\" alt=\"SMCCCD Logo\" src=\"http:\/\/skylinecollege.edu\/skylineshines\/wp-content\/uploads\/sites\/3\/2014\/08\/SMCCCD-Logo.png\" width=\"300\" height=\"72\" \/><\/a>The San Mateo County Community College District received the highest ratings possible from Standard and Poor\u2019s and Moody\u2019s Rating Services\u2014AAA and Aaa\u2014and is the only public higher education institution in the State (UC, CSU and community colleges) to be assigned these ratings.<\/p>\n<p>The College District, which operates Ca\u00f1ada College, College of San Mateo and Skyline College, is planning to refund approximately $120 million in general obligation bonds over the next several weeks. Based upon current rates, which could change before the refinancing, taxpayers would save approximately $17.4 million due to lower interest rates. High ratings help assure that the College District has lower overall interest cost for the refinancing, resulting in larger savings for taxpayers.<\/p>\n<p>The Moody\u2019s report cited the District\u2019s sound financial operations, low debt burdens, healthy reserves and large and stable property tax base in their ratings analysis. Standard and Poor\u2019s cited similar parameters in their review and added that the District\u2019s general fund balances and new reserve policy are \u201cvery strong.\u201d<\/p>\n<p>Both agencies assigned a \u201cstable outlook\u201d\u2014the most favorable possible\u2014for the District which Moody\u2019s attributed to its expectation that \u201cthe district will continue to maintain a strong overall credit profile reflected in a healthy financial position, above average socioeconomic indicators, large, growing tax base, and manageable debt levels.\u201d<\/p>\n<p style=\"text-align: center\">Article by Barbara Christensen<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The San Mateo County Community College District received the highest ratings possible from Standard and<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/posts\/3241"}],"collection":[{"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/comments?post=3241"}],"version-history":[{"count":0,"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/posts\/3241\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/media?parent=3241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/categories?post=3241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylineshines.skylinecollege.edu\/wp-json\/wp\/v2\/tags?post=3241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}