The San Mateo County Community College District received the highest ratings possible from Standard and Poor’s and Moody’s Rating Services — AAA and Aaa — and is the only public higher education institution in the state to be assigned these ratings.
The district, which operates Cañada College, College of San Mateo and Skyline College, is planning to refund approximately $120 million in general obligation bonds over the next several weeks. Based upon current rates, which could change before the refinancing, taxpayers would save approximately $17.4 million due to lower interest rates, according to the district.
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