Credit rating agencies Moody's, Standard & Poor's, and Fitch Ratings have given San Joaquin Delta College outstanding credit ratings for the existing $250 million Measure L General Obligation Bond, passed in 2004.
Bond credit ratings are the equivalent of an individual's credit score and are designed to gauge the risk a bondholder will receive on their investment. In preparation for the District's Series 2014C $35 million bond issuance, the District's controller and financial adviser undertook surveillance credit reviews from the three major ratings agencies.
All three agencies affirmed the District's current excellent bond credit ratings. These credit ratings determine the costs the District will pay to borrow funds, and its ability to retain favorable debt structuring.