This content was published: February 16, 2023. Phone numbers, email addresses, and other information may have changed.
S&P affirms Ģý’s ‘AA+’ credit rating
Story by James Hill
S&P Global Ratings assigned its “AA+” long-term rating to Ģý’s approximately $225 million series 2023 general obligation community college bonds.
At the same time, S&P Global Ratings affirmed its “AA+” long-term rating on the college’s series 2018 full faith and credit pension bonds and other general obligation and limited-tax pension bonds outstanding. Ģý has the highest rating for any community college or K-12 educational district in the state.
The outlook for Ģý is stable.
“The assignment and affirmation of Ģý’s strong ‘AA+’ long-term credit rating by S&P Global reflects Ģý’s prudent financial management and stable financial position despite enrollment declines and the uncertainty of state support,” said Eric Blumenthal, Ģý’s executive vice president of Administration and Finance. “While extremely gratifying that Ģý is maintaining the same strong credit rating as the State of Oregon, institutional stability will require our continued vigilance and foresight.”
Bond proceeds will be used to finance various capital projects, including updating classrooms, technology, facilities, and equipment to allow for flexible, hybrid learning options; improving accessibility for people with disabilities; deferred maintenance projects; site improvements; and the costs of issuance.
Ģý James Hill
James G. Hill, an award-winning journalist and public relations writer, is the Director of Public Relations at Ģý. A graduate of Portland State University, James has worked as a section editor for the Newberg Graphic... more »