El Camino Community College District Maintains Upgraded Ratings for Facilities Bonds

The El Camino Community College District’s 2012 General Obligation Bond, has maintained an “Aa1” rating by Moody’s Investors Service, citing high levels of reserves and liquidity, a “large, diverse tax base that is well-positioned for further growth, solid median family income of 125% of the nation, and enrollment which has begun to rebound following pandemic-related losses.”

“Maintaining this type of high rating for our facilities bonds is evidence of our commitment to being good stewards of public resources and preserving the voter’s trust in the service we provide to our community,” said Dr. Brenda Thames, El Camino College President/CEO. “We appreciate the support of South Bay voters as we continue to provide a first-class learning environment for all of our students.”

The Aa1 rating applies to all existing 2012 Measure E bond issuances to date, as well as the next sale of $50 Million of bonds scheduled for issuance in October 2024. The Aa1 rating allows El Camino College District bonds to be issued at a lower interest rate, thus lowering the total costs of repaying the bonds over time.

The Measure E facilities bonds have funded numerous classroom and instructional equipment upgrades campus-wide and have enabled construction of new buildings such as the Behavioral and Social Sciences Building, the Arts Complex and Gallery, the Aquatics and Pool Complex, the Administration Building and the Student Heath Center.