Coast Community College District
Maintains Strong Bond Ratings
For Immediate Release: October 14, 2020

Blue graphic, waves under text measure C and above text Measure M, with improving Coast Colleges under the C, combining to say thank you for supporting Measure C and Measure M at Coast Colleges

COSTA MESA, CA – The nation's top bond-rating agencies, Moody's and Standard & Poor's, affirmed the Coast Community College District's excellent rating for general obligation bonds. Both agencies recognized the district with the second-highest ratings possible, Aa1 and AA+ respectively.

The reaffirmation of ratings is connected to a bond refunding (equivalent of refinancing) program, which received Coast District Board of Trustees approval on October 7 and is anticipated to save millions for taxpayers.

"Strong financial management translates to strong bond ratings, which lowers costs for our local taxpayers on community bond programs like measures C and M," said Andrew Dunn, vice chancellor of finance and administrative services. "Part of our task over the next few years is to maintain a strong financial position by balancing competing demands and available resources."

The ratings agencies noted that state funding and enrollment challenges exist, worsened by the COVID-19 pandemic. Managing those risks going forward will be essential to preserving current ratings. Fortunately, the Coast District continues to have many advantages – with a robust tax base, innovative approach to education, proven fiscal team, and stable leadership.

The following links connect to the agencies' full analysis (accounts required):

Moody's release on the Coast Community College District

Standard & Poor's website with ratings search function

CONTACT: Erik Fallis
Director, Public Affairs and Marketing
(714) 438-4605 |


The Coast Community College District is located in Orange County and is among the largest districts in the United States. The District's three colleges – Coastline College, Golden West College, and Orange Coast College – provide traditional degree and transfer opportunities, career and technical training, basic skills, English as a Second Language, and other community programs. Thanks to the Measure M community bond funding approved by voters in 2012, the Coast Colleges are in the midst of a $698 million revitalization of educational and student support infrastructure.

Coast District Newsroom