By Daily Republic Staff
The Solano Community College District earned a recent improved credit rating from Standard & Poor’s (S&P), up to “AA” from a previous score of “AA-,” the district announced, Friday.
At the same time, S&P Global Ratings assigned its “AA” rating to the District’s election of 2012, series C GO bonds, affirming the stable outlook. Moody’s Investor Services also provided their assessment, re-affirming the college with their “Aa3” rating.
These ratings are utilized in the purchase of bonds and other fixed income investments. In general, the better the rating, the lower the borrowing costs, the district explained.