|[June 20, 2014]
Fitch: Accreditation Extension Proposal Positive for San Francisco Community College District
NEW YORK --(Business Wire)--
A recent proposal to extend the length of an accreditation review is a
positive for San Francisco Community College District (the district),
Fitch Ratings says. On June 11 the Western Association of Schools and
Colleges' Accrediting Commission for Community and Junior Colleges
(ACCJC) announced a proposed policy change that would provide the
district with an additional two years to complete reforms necessary for
maintenance of its accreditation. The revision follows mounting
political pressure on the ACCJC to defer its earlier decision to
terminate the district's accreditation effective July 2014.
Fitch views two additional recent developments as positive for the
district. On June 13 a hearing panel convened by the ACCJC acknowledged
the district's progress towards meeting accreditation standards and
called for a new review of the district that would consider recent
reforms. The district's financial prospects have also improved following
the state legislature's adoption of a provision to stabilize district
funding over the next several years despite recent enrollment declines.
Fitch currently rates the district's general obligation bonds 'BBB+'
with a Negative Outlook. Fitch expects to review the impact of these
developments on the district's Outlook once there is more certainty
about the policy change. Additional information is available in Fitch's
March 24 press release, 'Fitch Affirms San Francisco Community College
District's (CA (News - Alert)) GOs at 'BBB+'; Outlook Negative', available at www.fitchratings.com.
Additional information is available at 'www.fitchratings.com'.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS
SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS
OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES
AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF
THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE
RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR
RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY
CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH
[ InfoTech Spotlight's Homepage ]