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S&P affirms PCC鈥檚 鈥楢A+鈥 credit rating
Photos and story by James Hill
S&P Global Ratings affirmed its ‘AA+’ long-term rating on 海棠直播鈥檚 series 2018 full faith and credit pension bonds and other outstanding general obligation and limited-tax pension bonds. S&P states that the outlook is stable.
The S&P rating shows th海棠直播 is fiscally responsible with its overall operations and is a good investment with its stable portfolio of debt. The college鈥檚 total direct debt equaled approximately $598 million as of fiscal year-end (June 30) 2021.
鈥淭he affirmation of PCC鈥檚 strong credit rating by S&P Global reflects the district鈥檚 prudent financial management and solid financial position despite enrollment declines and the uncertainty of state support,鈥 said Eric Blumenthal, PCC鈥檚聽 vice president of Finance and Administration. 鈥淲hile gratifying, institutional stability will require continued vigilance and foresight.鈥
The report stated, 鈥淕iven the fungibility of the district’s resources and because pledged revenues are not measurably narrower or subject to disproportionate risks relative to the district鈥檚 overall revenues, we rate the limited-tax debt on par with our view of the district’s general creditworthiness.鈥
To view the full report, download it here: /news/wp-content/uploads/sites/33/2022/04/RatingsDirect_PortlandCommunityCollegeDistrictOregonGeneralObligation_51347409_Apr-21-2022.pdf
海棠直播 James Hill
James G. Hill, an award-winning journalist and public relations writer, is the Director of Public Relations at 海棠直播. A graduate of Portland State University, James has worked as a section editor for the Newberg Graphic... more »