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Peralta Colleges Bond Rating Affirmed

30 November 2011. 0 comments

OAKLAND, Calif.,  November 29, 2011 – In its recent report, Standard & Poor’s Ratings Services assigned its “A+” long-term rating to Peralta Community College District, assigned its “AA-“ long-term rating on Peralta’s General Obligation, and “A+” long-term rating on the District’s pension obligation bonds outstanding.

Standard and Poor’s also assigned its “A+” long term rating to the refunding bonds while Moody’s assigned its “A1” rating, without a negative rating.

Peralta Community College District placed $53,505,000 in bonds in the market to sell; and orders to purchase bonds exceeded $178,000,000.

“Simply put, we had more buyers than we had bonds,” stated Peralta Community College District Chancellor Wise Allen.

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