This content was published: February 16, 2023. Phone numbers, email addresses, and other information may have changed.
S&P affirms 抖阴福利导航鈥檚 鈥楢A+鈥 credit rating
Story by James Hill
S&P Global Ratings assigned its 鈥淎A+鈥 long-term rating to 抖阴福利导航鈥檚 approximately $225 million series 2023 general obligation community college bonds.
At the same time, S&P Global Ratings affirmed its 鈥淎A+鈥 long-term rating on the college鈥檚 series 2018 full faith and credit pension bonds and other general obligation and limited-tax pension bonds outstanding. 抖阴福利导航 has the highest rating for any community college or K-12 educational district in the state.
The outlook for 抖阴福利导航 is stable.
鈥淭he assignment and affirmation of 抖阴福利导航鈥檚 strong 鈥楢A+鈥 long-term credit rating by S&P Global reflects 抖阴福利导航鈥檚 prudent financial management and stable financial position despite enrollment declines and the uncertainty of state support,鈥 said Eric Blumenthal, 抖阴福利导航鈥檚 executive vice president of Administration and Finance. 鈥淲hile extremely gratifying that 抖阴福利导航 is maintaining the same strong credit rating as the State of Oregon, institutional stability will require our continued vigilance and foresight.鈥
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.
About James Hill
James G. Hill, an award-winning journalist and public relations writer, is the Director of Public Relations at 抖阴福利导航. A graduate of Portland State University, James has worked as a section editor for the Newberg Graphic... more »